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Here’s why Enphase and other solar stocks are tanking after Trump’s latest move

Why This Matters

The maker of solar-power components saw its stock downgraded after Trump’s executive order enforcing a phaseout of tax credits.

July 8, 2025
11:50 AM
2 min read
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Advanced ➔ Results The Ratings GameHere’s why Enphase and other solar stocks are tanking after Trump’s moveSolar-power-components maker’s stock draws downgrade and leads the S&P 500’s decliners after Trump’s executive order enforces a phaseout of tax creditsPublished: July 8, 2025 at 7:50 a.

ETResizeListen(3 min)Enphase Energy’s stock is falling in premarket trading on Tuesday after President Donald Trump’s executive order to enforce a phaseout of tax credits.

Photo: Getty ImagesEnphase Energy Inc.

’s stock was dropping in early trading Tuesday, after the maker of solar-power inverters drew an analyst downgrade on the heels of President Donald Trump’s move to scrap clean-electricity tax credits faster than expected.

In an executive order late Monday, Trump ordered the ending of clean-electricity tax credits within 45 days after the Big Beautiful Bill goes into effect.

It’s expected that this will take place before the end of the year. The Author Steve GelsiSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

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