Solar Companies Slump as GOP Targets Earlier End to Tax Credits

Bloomberg.com · last updated May 19, 2025 – 7:16 AM

Shares of solar companies slumped after conservative Republican lawmakers said they had secured a commitment from leadership to end key clean-energy tax credits earlier than planned, part of a sweeping deal aimed at allowing President Donald Trump’s giant tax and spending package to advance.

Sunrun Inc. fell as much as 8% Monday, while Enphase Energy Inc. was down as much as 5.3% and First Solar Inc. declined as much as 6.8%.

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