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

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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