Reported 2 days ago
Solar stocks are facing significant losses as the House approved a tax-and-spending bill that threatens to eliminate key investment tax credits much earlier than anticipated. Major companies like SolarEdge, Sunrun, and Enphase Energy have seen their stocks decline sharply in reaction to these developments, raising concerns about potential disruptions and layoffs in the clean energy sector. While analysts believe the bill may not pass in its current form in the Senate, the uncertainty has rattled investors, particularly in light of the pressures from the Trump administration favoring fossil fuels over green energy initiatives.
Source: YAHOO