StockNews.AI
ENPH
Benzinga
42 days

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.

3m saved
Insight
Article

FAQ

Why Bearish?

The phaseout of tax credits will reduce demand for solar products and negatively affect revenue.

How important is it?

The executive order and expert downgrade indicate a significant risk to ENPH's business model.

Why Long Term?

The consequences of policy changes are likely to affect ENPH's financials into 2025 and beyond.

Related Companies

Related News