shares (ENPH) sank 27% toward a five-year low in morning trading, and First Solar Inc. 5% to pace the S&P 500 index's SPX decliners. 's stock (RUN) plunged 42% and was the biggest decliner on the Nasdaq. . At last glance, First Solar Inc (NASDAQ:FSLR) was down 19. 5% at $141, on track for its worst single-session percentage loss since December 2011. Prior to today's gap lower, the shares had strung together consecutive weekly wins of over 5%, but the rally fell short of their 200-day moving average. . Solar energy stocks are down, and some may never recover. Critical tax subsidies that have made solar energy economical in the U. Senate's proposed a plan to phase out solar tax credits by 2028 as part of President Donald Trump's sweeping tax and spending. . Solar stocks experienced a dramatic selloff on Tuesday, June 17, 2025, as the U. The legislation still has. . The stock market is having a rough start to 2024, and that's causing the renewable energy industry to give back a lot of what was gained late in 2023.
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