Enphase Energy (ENPH) stock dropped 22.54% due to Senate proposal on solar tax credits.

From Yahoo Finance: 2025-06-18 20:29:00

Enphase Energy (ENPH) saw its share price drop by 22.54% between June 10 and June 17, 2025, making it one of the Energy Stocks that Lost the Most This Week.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company known for supplying micro-inverter-based solar and battery systems.

ENPH hit a 5-year low due to a Senate proposal to accelerate the elimination of tax credits for solar and wind energy industries, reducing incentives by 60% next year and phasing out completely by 2028.

The proposed legislation threatens the rooftop solar industry by removing the 30% federal tax credit, posing a significant risk to companies like Enphase Energy, Inc. (NASDAQ:ENPH).

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Disclosure: None.

Read more: Enphase Energy (ENPH) Fell Hard This Week. Here is Why.