Solar industry stocks took a sharp hit after President Donald Trump issued an executive order reducing federal support for renewable energy projects. The move signals a rollback of subsidies and incentives critical to the growth of solar power companies, sparking investor concerns over the sector’s near-term prospects.
Market analysts warn that the reduction in government backing could slow down solar installations and innovation, affecting companies reliant on policy-driven demand. Despite the setback, many industry leaders emphasize the long-term potential of solar energy amid global decarbonization efforts.
Investors are now closely watching for legislative responses and potential shifts in administration policies that could reverse or mitigate the impact of the executive order.
