Renewable energy stocks plummet due to bill threatening subsidies, potential industry stagnation

From Yahoo Finance: 2025-05-23 15:36:00

A bill passed by the U.S. House of Representatives could strip crucial subsidies from the renewable energy industry, leading to a significant drop in stock prices for companies like Enphase Energy, Bloom Energy, AES, and NextEra Energy. The bill targets tax credits for electric vehicles, solar, wind, and energy storage, potentially stalling the industry’s growth. If the bill becomes law, it could have a devastating impact on the renewable energy sector, with many companies facing financial uncertainty. Investors are advised to proceed with caution in light of these developments.



Read more at Yahoo Finance: Renewable Energy Stocks Crash as U.S. Advances Bill That Could Decimate the Industry