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Solar Stocks Jump After Senate Drops Excise Tax From Trump Bill
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Solar Stocks Jump After Senate Drops Excise Tax From Trump Bill
Jul 1, 2025 11:15 AM

01:32 PM EDT, 07/01/2025 (MT Newswires) -- Array Technologies ( ARRY ) shares rose 11% in recent trading Tuesday, and SolarEdge Technologies ( SEDG ) gained 8.2% after the US Senate passed President Donald Trump's spending bill without an excise tax on solar and wind projects.

The $3.3 trillion bill cleared the Senate following last-minute changes, including dropping the proposed excise tax on solar and wind that use components made in China.

The bill would still end subsidies for new wind and solar projects after Dec. 31, 2027.

Sunrun ( RUN ) shares rose 9.1%, and Enphase Energy ( ENPH ) gained 4.3%.

Price: 6.59, Change: +0.69, Percent Change: +11.61

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