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U.S. solar stocks slid in premarket trading on Tuesday after a Senate panel proposed phasing out solar and wind tax credits by 2028, part of changes to President Donald Trump's sweeping tax-and-spending bill.
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Solar energy stocks dropped sharply on Tuesday as the market digested cuts to renewable power tax credits in the Senate's version of the budget bill.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Solar stocks tumbled amid worries that Congress may phase out tax credits for solar, wind and other energy sources that produce fewer emissions that change the Earth’s climate.
Hopes for legislative help were dashed by the latest version of President Trump's "One Big, Beautiful Bill" now in the U.S. Senate's hands.
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U.S. solar stocks slid in premarket trading on Tuesday after a U.S. Senate panel proposed phasing out solar and wind tax credits by 2028.