4 FAQs about Wind energy photovoltaic and energy storage concept stocks plummeted

Are solar stocks falling?

Sunrun, First Solar, Enphase Plummet. Senate Wants to End Wind, Solar Tax Credits by 2028. Solar stocks plunged early Tuesday after Senate Republicans proposed a full phase-out of tax credits for wind and solar energy by 2028 in President Donald Trump's tax and spending bill.

How did Trump's spending bill affect solar stocks?

Solar stocks were under pressure Tuesday as the U.S. Senate's version of President Donald Trump's spending bill kept cuts to renewable energy incentives. Shares of Enphase Energy plummeted more than 17% in the premarket, while First Solar dipped about 12%. Sunrun slipped more than 27% and SolarEdge Technologies dropped 22%.

Are solar stocks under pressure?

Solar panels on the Seat Cupra SA plant in Martorell, Spain, on Thursday, March 13, 2025. Solar stocks were under pressure Tuesday as the U.S. Senate's version of President Donald Trump's spending bill kept cuts to renewable energy incentives. Shares of Enphase Energy plummeted more than 17% in the premarket, while First Solar dipped about 12%.

Will Trump budget bill wind-down solar and Wind Incentives?

The GOP-led Senate Finance Committee late Monday unveiled its version of the Trump budget bill. Like the House-passed version, the draft Senate legislation would wind-down solar and wind incentives. Sunrun stock crashed 40% Tuesday, with SolarEdge down 33.4%, Enphase Energy (ENPH) 24% and First Solar stock 17.9%.

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