Solar stocks down after Trump order seeks to end wind, solar energy subsidies

Solaredge Technologies

08/07/2025 11:55

** U.S.-listed shares of solar companies fall premarket

** President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects

** The order directs the Treasury department to enforce the phaseout of tax credits for wind and solar projects that were rolled back in the budget bill passed by Congress and signed into law by Trump last week

** Shares of solar companies: SunRun RUN.O down 4.6% and SolarEdge Technologies SEDG.O fall 4.8%

** Enphase Energy ENPH.O down 3.3% and First Solar FSLR.O falls 2%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))