US Solar Companies Face Downfall After Trump’s Rule Change
Shares of leading US solar companies plummeted following President Donald Trump’s announcement that new rules would limit access to tax incentives for renewable energy projects.
The move comes despite the existing budget bill, which reduced these incentives by $3.4 trillion. The news has sent shockwaves through the industry, with Sunrun Inc., the largest residential solar provider, experiencing a 13% decline in shares. Nextracker Inc., a solar equipment supplier, saw its stock drop as much as 5.6%, while First Solar Inc., a domestic solar manufacturer, fell by 5.3%.
Source: https://www.bloomberg.com/news/articles/2025-07-07/trump-orders-stricter-enforcement-of-clean-energy-tax-rules