Senate tax committee offers solar/wind tax credit phase-out, Reuters says

A draft of the U.S. Senate committee tax bill proposes a full phase-out of solar and wind energy tax credit by 2028, Reuters reports, citing the draft of the proposed legislation. The proposal also extends the incentive for administration-favored hydropower, nuclear, and geothermal energy. Publicly traded companies in the solar space, which include Array Technologies (ARRY), Canadian Solar (CSIQ), Complete Solaria (SPWR), Emeren (SOL), Enphase Energy (ENPH), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and Sunrun (RUN), are trading lower on the report.