(Reuters) - U.S. solar stocks dropped in premarket trading on Tuesday after a Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028, as part of changes
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Major solar companies saw double-digit losses in premarket trading, with some stocks plummeting over 27% as investors fled the sector.
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Solar stocks such as SolarEdge and First Solar plunged overnight after the Senate budget bill would phase out solar and wind tax credits.
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Solar stocks were under pressure Tuesday as the U.S. Senate''s version of President Donald Trump''s spending bill kept cuts to renewable energy incentives.
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Solar stocks plummet in early trading Tuesday after the U.S. Senate Finance Committee''s proposed changes to President Trump''s tax and spending bill included a full phase-out of solar and...
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U.S. solar stocks plummeted after a Senate proposal to phase out tax credits by 2028, affecting major companies and reflecting challenges in the renewable sector.
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Enphase Energy Inc.''s stock was dropping in early trading Tuesday, after the maker of solar-power inverters drew an analyst downgrade on the heels of President Donald Trump''s move to
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Solar inverter maker Enphase Energy and solar panel manufacturer First Solar slid 27.2% and 19.3%, respectively, among the biggest decliners on the benchmark S&P 500.
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Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump''s sweeping tax and spending bill, which may
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