Solar stocks have suffered a dramatic sell-off, with $Sunrun(RUN)$, $SolarEdge(SEDG)$, $Enphase Energy(ENPH)$ and $First Solar(FSLR)$ declining between 17% and 38%. The catalyst for this sharp downturn is a U.S. Senate proposal to fully eliminate tax credits for solar and wind energy by 2028—a move that shakes the foundation of an industry heavily dependent on federal incentives. The Tax Credit Phase-Out: What’s at Stake The Investment Tax Credit (ITC) has been a cornerstone of U.S. solar energy growth, offering a 30% federal subsidy for solar installations since 2006. The Senate’s new plan would: Phase out credits increm
Solar Stocks Plunge: How Will Tax Credit Phase-out Impact the Sector?
Solar stocks plunged: Sunrun and Solaredge dropped over 40%, Enphase Energy fell more than 26%, and First Solar declined over 20%. The U.S. Senate has proposed a plan to fully eliminate tax credits for solar and wind energy by 2028.
+ Follow
+0