Solar stocks are plummeting as the Senate version of Trump's 'big beautiful bill' hits clean energy

Solar panels on a rooftop in California.

Justin Sullivan/Getty Images

• Solar stocks tumbled on Tuesday, with Solar Edge and First Solar down sharply.
• The Senate version of the GOP budget bill keeps cuts to clean energy in place.
• The new government policy would phase out solar and wind energy tax credits.

— Samuel O'Brient

Solar energy stocks plunged for a second day on Tuesday, on news that the Senate version of the budget bill retains cuts to renewable energy tax credits.