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Why Solar Energy Stocks Plunged By 20% or More

  • Solar energy stocks plunged by over 20% as the U.S. House passed a bill cutting clean energy subsidies unexpectedly.
  • Companies like Emphase Energy, NextEra Energy, AES, First Solar, Array Technologies, and Sunrun are affected by the removal of subsidies.
  • The subsidies were part of the Biden Administration's Inflation Reduction Act; eliminating them will impact solar rooftop solutions and electric vehicle stocks.
  • Investors are advised to steer clear of the solar energy sector for now due to the policy changes and potential impact on stock prices.

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