Trump's tax cut bill passed by the House of Representatives, US photovoltaic stocks plummeted!

On May 22, local time, the US solar sector fell. Among them, Sunrun, the largest rooftop solar company in the United States, fell 37.05%; equipment supplier SolarEdge Technologies fell 24.67%, and Enphase Energy fell 19.63%. In addition, Sunrun's stock price fell 9.3%, Maxeon Solar Technology fell 9.42%, NextEra Energy fell 6.43%, and First Solar's stock price fell 3%.

On the news, on May 22, local time, the Republican-led House of Representatives of the United States passed the "Beautiful Big Bill" named by Trump with a narrow advantage of 215 votes to 214 votes. The bill will significantly reduce taxes, cut social spending and push up federal debt. The relevant content about the early end of clean energy tax credits may affect the further development of the photovoltaic industry.