The solar sector is broadly lower today
Solar stocks are sliding after the White House's latest moves to eliminate clean energy subsidies. President Trump ordered the ending of clean-electricity tax credits within 45 days of the Big, Beautiful Bill going into effect -- likely before the end of this year.
Take a closer look with us at two of the names affected. Sunrun Inc (NASDAQ:RUN) was last seen down 9.3% to trade at $10.08, while shares of First Solar Inc (NASDAQ:FSLR) were down 4.5% at $169.08 at last check.
Sunrun stock is brushing off an upgrade from Keybanc to "sector weight" from "underweight." The firm cited multiple near-term tailwinds, including ongoing market consolidation following the bankruptcy of other competitors.
RUN saw massive bear gaps in both May and June that were followed by extended rebounds, and finally recovered from both last session before today's downturn. Year to date, the equity is up 8.2%.
First Solar stock also staged a mid-June bear gap after Trump's spending bill passed through the Senate, which preceded an extended rally until today's drop. FSLR is moving back into negative territory for 2025 amid today's price action, down 3.2% year to date.