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Renewable Energy and EV Stocks Surge as Borrowing Costs Decline
22 Aug
Summary
- Solar, EV, and homebuilding stocks advance on lower borrowing costs
- Zoom beats estimates and raises guidance, boosted by AI
- Intuit and Workday shares tumble on disappointing outlooks
As of August 22nd, 2025, companies that have benefited from lower borrowing costs have seen their shares advance significantly. This includes solar power providers Enphase Energy and First Solar, electric vehicle makers Tesla and Rivian Automotive, as well as homebuilders D.R. Horton and PulteGroup.
In the tech sector, Zoom Communications has taken off after the video conferencing software provider beat profit and sales estimates and boosted its guidance. The company's business has been lifted by the boom in artificial intelligence. However, not all tech firms have fared as well. Intuit, the maker of tax and accounting software, has been the worst-performing stock in the S&P 500 after giving guidance below analysts' forecasts due to weak demand for its MailChimp marketing platform and TurboTax tax filing program. Similarly, Workday, the human resources software provider, has seen its shares tumble after warning about government and educational institutions pulling back on spending.
In the broader market, gold futures have gained, while oil futures have remained little changed. The yield on the 10-year Treasury note has slipped, and the U.S. dollar has weakened against the euro, pound, and yen. Prices for most major cryptocurrencies have also risen on the back of the Federal Reserve's recent comments.
