European and American renewable energy stocks fell; Trump orders to strengthen tax enforcement.

date
08/07/2025
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%.