Clean-Energy Stocks Drop After White House Axes $3.7 Billion in Grants -- WSJ

Dow Jones

2025/06/02

By WSJ Staff

Solar- and hydrogen-power stocks dropped after the Energy Department cancelled over $3.7 billion's worth of grants for clean-energy and climate projects.

Hydrogen startup Plug Power and solar-power providers including Sunrun were among decliners this morning, after Energy Secretary Chris Wright announced the end of 24 projects. "These projects failed to advance the energy needs of the American people," he said Friday. Read more:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 02, 2025 10:56 ET (14:56 GMT)

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