Enphase Energy (ENPH) Fell Hard This Week. Here is Why.

The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 22.54% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world’s leading supplier of micro-inverter-based solar and battery systems.

Enphase Energy, Inc. (NASDAQ:ENPH) nosedived to a 5-year low this week following a proposal by the Senate Finance Committee to speed up the elimination of tax credits for solar and wind energy industries. According to the new proposal,  these incentives would be reduced by 60% next year and phased out entirely in 2028, in contrast to the original expiry date of 2032, according to the current law.

The proposed legislation deals a massive blow to the rooftop solar industry, as it would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, posing a significant threat to players like Enphase Energy, Inc. (NASDAQ:ENPH).

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Disclosure: None.