European and American renewable energy stocks fell; Trump orders to strengthen tax enforcement.
In the United States, President Donald Trump called for the implementation of new rules to restrict tax benefits for solar and wind energy projects, resulting in a drop in clean energy stocks in the US and Europe. These tax benefits have been reduced in their $3.4 trillion budget bill.
In the European market:
- Vestas fell by 3.2%.
- Orsted fell by 2.2%.
- Enel Green Power fell by 0.3%.
- Vattenfall fell by 0.8%.
- Siemens Energy fell by 1.2%.
- EDP Renovveis fell by 0.7%.
In pre-market trading in the US:
- Enphase Energy fell by 3.4%.
- SolarEdge fell by 5.4%.
- SunPower fell by 5.2%.
- First Solar fell by 2.3%.
- NEXTracker fell by 1.8%.
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