Solar Companies' Shares Slide After House Passes Trump Tax Bill

Dow Jones

May 22, 2025

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)

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The bill now moves to the Senate. \n\n\n  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. \n\n\n  Other notable declines included Enphase Energy shedding 19% to $38.42, while Canadian Solar retreated 10% to $9.40. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 08:35 ET (12:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}