Solar Stocks Fall as Senate Bill Ends Key Tax Credits Early (1)

Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick.

Sunrun Inc., the largest US rooftop panel installer, plunged as much as 44%, the most ever in intraday trading. SolarEdge Technologies Inc. fell as much as 43%. Enphase Energy Inc slid as much as 28%.

The new version of the bill released by the Senate Finance Committee would end incentives for wind and solar in 2028. Tax breaks for other sources of power, such as ...