Solar Stocks Fall After Trump Orders Limit to Tax Credits (1)

Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill.

Sunrun Inc., the biggest US residential solar company, slid as much as 13%. Solar equipment provider Nextracker Inc. dropped as much 5.6%. First Solar Inc., a domestic solar manufacturer, fell as much as 5.3%.

On Monday evening, Trump issued an executive order directing the US Treasury Department to more strictly define when a project has started construction, including restricting the use ...