SolarEdge Technologies (SEDG): Among the Solar Energy Stocks that Crashed This Week

The share price of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell by 23.75% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a global leader in smart energy technology. The company produces current optimized inverter systems for solar photovoltaic installations in the United States, Germany, the Netherlands, Italy, the rest of Europe, and internationally.

After posting gains of over 90% since the beginning of May, SolarEdge Technologies, Inc. (NASDAQ:SEDG) plunged heavily this week following the release of the Senate’s proposed plan to phase out solar tax credits by 2028 as part of President Trump’s sweeping tax and spending bill.

While the industry was already expecting a gradual phase-out of the incentives, the new version of the bill accelerates this timeline. Under current law, the phase-out will not begin until 2032.

The rooftop solar industry has been hit particularly hard, as the proposed legislation aims to end the residential solar tax credit by the end of this year. This deals a major blow to SolarEdge Technologies, Inc. (NASDAQ:SEDG), as its inverter sales are expected to take a hit from a drop in demand for rooftop solar.

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Disclosure: None.