What stocks benefit from the data center off-grid power bill?

Solar companies like $ENPH and $FSLR could benefit if data centers are forced to install on-site power. Data center REITs like $EQIX and $DLR face higher costs and potential margin compression.

Is the cannabis bill S5022 a buy signal for $TLRY?

No, it's too early. The bill is in committee with no path to passage. Price spikes on the news are likely noise. Wait for hearings or bipartisan support before trading.

How does the aluminum tariff affect $AA and $CENX?

The proclamation reduces import duties for companies that invest in domestic production. This is bullish for U.S. aluminum producers like $AA and $CENX, as it encourages onshoring and reduces competition from imports.

What is the impact of the Canadian auto tariff on $F and $GM?

The 50% tariff on Canadian goods could increase costs for U.S. automakers that export to Canada. $F and $GM may face headwinds, but the impact depends on how much of their Canadian sales are affected.

Are these bills likely to pass?

No. Both HR9777 and S5022 are in early legislative stages with low probability of passage in the current Congress. The aluminum tariff and Canadian trade actions are executive orders and already in effect.

Weekly Briefing•July 23, 2026•6 min read

5 Data Center and Cannabis Stocks to Watch After Congress's Latest Moves (July 2026)

Congress introduced bills targeting data center power and cannabis reform. Here's how $EQIX, $DLR, $TLRY, and $CGC are positioned.

$EQIX $DLR $ENPH +5 more

Key Takeaways

▸HR9777 mandates off-grid power for data centers, increasing costs for $EQIX and $DLR but boosting demand for solar from $ENPH and $FSLR.
▸S5022, a cannabis decriminalization bill, introduces early-stage legislative risk that could benefit $TLRY and $CGC if passed.
▸The data center bill is early-stage with no cosponsors, making near-term market impact negligible but worth monitoring.
▸Cannabis bill has 16 Democratic cosponsors but faces significant hurdles in the current Congress.
▸Both bills are in committee; no immediate catalyst for price movement, but structural positioning favors solar and cannabis stocks.

Congress dropped two bills this week that could reshape the data center and cannabis sectors. While neither is close to becoming law, they signal where the political winds are blowing, and which stocks could be the biggest winners or losers. For traders scanning for catalysts, here's what you need to know about HR9777 and S5022.

The Data Center Off-Grid Power Bill: Why $EQIX and $DLR Face Headwinds

HR9777, introduced by Rep. Donalds (R-FL), would require new and existing data centers to use off-grid power and water supplies. That's a compliance nightmare for data center REITs like $EQIX and $DLR, which would need to retrofit facilities with on-site solar or backup generators.

The bill is early-stage, but if it gains traction, expect margin pressure on these operators. On the flip side, solar companies like $ENPH and $FSLR could see incremental demand from data center compliance. The bill authorizes no funding, so the market impact is purely structural.

For now, it's a risk to watch, not a trade to act on.

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Impact Scores of Top Congressional Signals This Week

Data Center Bill

Cannabis Bill

Aluminum Tariff

Canadian Auto Tariff

Dairy Tariff

Impact Score (1-10)

Cannabis Bill S5022: A Familiar Playbook for $TLRY and $CGC

Senator Booker (D-NJ) reintroduced the cannabis decriminalization bill S5022, this time with 16 Democratic cosponsors. The bill would deschedule cannabis and provide expungement for certain offenses. For $TLRY and $CGC, this is a familiar story: legislative noise that sparks speculative rallies but rarely leads to real reform.

The bill is in the Finance Committee and faces long odds in the current Congress. Still, the introduction itself can drive short-term momentum. Traders should watch for committee hearings or markup sessions as the real catalyst.

Until then, treat any price moves as noise.

Aluminum Tariff: A Quiet Bullish Signal for U.S. Producers

While not covered in detail here, the aluminum tariff proclamation (Signal 2) is a high-impact 8/10 event that could benefit domestic producers like $AA and $CENX. By incentivizing onshoring with reduced duties, the administration is signaling a long-term shift toward domestic supply chains. This is a structural tailwind for aluminum stocks, though the market has yet to price it in.

What to Watch This Week

For data center stocks, the key will be any cosponsor additions to HR9777 or a hearing date. For cannabis, watch for Senate Finance Committee action on S5022. Neither bill is a near-term catalyst, but both are worth monitoring for position traders.

The real action this week is in aluminum and trade tariffs, which carry higher impact scores and more immediate stock implications.

Sources

Congress.gov - HR9777

All data from publicly available government and research sources.

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

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