Enphase, Saia, MYR Group, Old Dominion Freight Line, and Shoals Shares Skyrocket, What You Need To Know

Shares of Enphase, Saia, MYR Group, Old Dominion Freight Line, and Shoals surged in the afternoon session after the U.S. Supreme Court struck down tariffs previously imposed by the Trump administration. This ruling, which found the International Emergency Economic Powers Act of 1977 was not applicable to justify the tariffs, is expected to lower costs for manufacturers by reducing the price of imported materials and equipment. The market reaction indicates that while the news is significant, it’s not seen as fundamentally altering the long-term perception of these businesses.