Fossil Fuels
Solar stocks fall after Senate proposal to phase-out tax credits by 2028
U.S. Solar stocks fell in premarket trade on Tuesday, after a Senate committee proposed that solar and wind energy credits be phased out completely by 2028. This was part of the changes suggested for President Donald Trump's tax-cutting and spending bill. Enphase Energy, a manufacturer of solar inverters, was one of the largest decliners in the S&P 500 at the start of trading. Its shares fell 17.2% to $35. SolarEdge Technologies and Sunrun, both solar panel suppliers, each fell more than 20%. First Solar fell 10.5%. The draft bill, circulated last month by the U.S. Senate Committee, contains several changes...