SolarEdge Technologies, Inc. Stock News

Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.

Shares of Sunrun, SolarEdge Technologies, Enphase Energy, and GE Vernova are gaining.

The Senate is voting on a version of President Donald Trump's spending legislation that would slam the solar and wind industries. The legislation is close to a worst case scenario for renewable energy, Morgan Stanley analyst Andrew Percoco told clients.

The Senate's tax-and-spending bill gives a boost to nuclear power stocks, but knocks down shares of solar companies.

SALT LAKE CITY--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (Nasdaq: SEDG), a global leader in smart energy technology, today announced the ramp up of its new manufacturing site in Salt Lake City, Utah. The site started manufacturing and shipping the SolarEdge ‘USA Edition' Home Battery in Q1, marking a key milestone in the company's commitment to strengthening ...

Solar stocks moved sharply lower after a US Senate panel has proposed phasing out solar and wind energy tax credits by 2028. The proposal is an amendment of president Donald Trump's sweeping tax-cut and spending bill, called the “One Big, Beautiful Bill Act,” which narrowly passed the House last month.

S&P components Enphase Energy and First Solar move lower by double-digit percentages.

Solar stocks are taking a material hit this morning after the US Senate approved cuts to renewable energy incentives the Trump administration proposed in its controversial spending bill last month.