Solar stocks plunge as Republican tax bill worse than feared for clean energy
The termination of clean energy credits could diminish demand for Array's technology, historically seen in similar regulatory situations.
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The termination of clean energy credits could diminish demand for Array's technology, historically seen in similar regulatory situations.
What happened, with direct paths to the underlying reporting
House Republicans passed a tax bill ending key clean energy credits. Array's stock fell 14% due to fears over reduced demand. Credit terminations impact utility-scale solar project expansions significantly. Analysts believe Senate may modify the legislation favorably. First Solar remains relatively unscathed due to maintained manufacturing credits.
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