Clean energy stocks, including SolarEdge Technologies, Inc., dropped after a new executive order from President Donald Trump further lowered government support for renewable power. This policy shift introduces additional uncertainty for the sector.
Markets reacted to news that a new domestic policy bill will end key subsidies for the clean energy sector and could raise costs for solar imports from Asia. SolarEdge shares fell 6.2% in the afternoon session following this news.
The potential end to key subsidies and the threat of increased tariffs on solar components imported from Asia are casting a shadow over the company's future profitability. This development adds to the headwinds faced by the solar industry, impacting investment decisions and project viability.
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