Solar Stocks Sink: Trump Slashes Green Tax Breaks
1. Trump signed an order to fast-track clean-energy tax credit phaseout. 2. The order will end credits for solar projects by late 2025. 3. Expert downgrades ENPH rating from Buy to Hold, lowering price target to $45. 4. Elimination of tax credits will hurt residential solar demand amid high interest rates. 5. Solar stocks fell significantly after the announcement, impacting market sentiment.