Solar stocks sink as Senate proposes renewable energy incentive cuts

BreakdownGenerated by LeadStory AI

• Senate's tax bill proposes to cut or eliminate key renewable energy credits. 15s
• Residential solar is most affected, with the 30% tax credit expiring soon after enactment. 25s
• Major solar stocks, including Sunrun, Enphase, and SolarEdge, saw sharp declines. 33s
• The Senate bill allows a longer lead time for project eligibility but phases out credits earlier than the Inflation Reduction Act. 1m 6s
• Industry faces uncertainty, but solar and storage remain essential for new energy infrastructure. 2m 7s