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Why NextEra Energy Bounced Back Today

TheMotleyFool

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Why NextEra Energy Bounced Back Today: https://g.foolcdn.com/editorial/images/823583/gettyimages-1434514711.jpg

Shares of utility and renewables power developer NextEra Energy (NYSE: NEE) rallied today, up 5.3% in Tuesday's trading session.

NextEra had fallen hard yesterday, after a surprise tax was added to the Senate's version of the "Big, Beautiful Bill" going to a vote this week. However, it appears that in the final version, that tax was stripped out.

One of the biggest provisions of the bill, which narrowly passed the Senate today in a 50-50 vote, in terms of the stock market impact at least, is its treatment of renewable energy tax credits.

Source Fool.com