By Denny Jacob
Solar companies including Sunrun, First Solar, and Solaredge declined after taking a hit from last-minute changes passed in the House of Representatives for President Trump's tax-and-spending bill.
Among the changes included in the bill that passed in the Republican-led House was revised language that would end certain tax credits for wind energy and solar energy by 2028, instead of a slower phase-out through 2031. The bill now moves to the Senate.
SunRun shares dived 42% to $6.16 in premarket trading, while First Solar declined 5.1% to $155. SolarEdge Technologies, meanwhile, tumbled 18% to $16.23.
Other notable declines included Enphase Energy shedding 19% to $38.42, while Canadian Solar retreated 10% to $9.40.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 22, 2025 08:35 ET (12:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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