Clean energy stocks dropped Monday after Trump’s spending bill introduced a tax on solar and wind projects using Chinese parts. According to CNBC, the bill also accelerates the phaseout of key tax credits. The latest Senate draft eliminates major credits for projects placed in service after 2027, a shift that Goldman Sachs described as more restrictive than prior versions. NextEra Energy shares fell 2%, while Array Technologies, Enphase, and Nextracker dropped between 3% and 9%. Bank of America warned that the new deadlines compress project timelines and raise execution risks. Wall Street views rooftop solar as a relative winner from the bill, with shares of Sunrun and SolarEdge rising 10% and 3%, respectively, on Monday. First Solar rose nearly 9% after the bill appeared to allow it to claim tax credits for both components and final products, according to Bank of America.
