Solar stocks slide as Trump's tax bill advances in US House

Shares in U.S. solar energy groups fall premarket

U.S. President Donald Trump's sweeping tax bill, that would end many green-energy subsidies, advanced toward Thursday vote for passage in the U.S. House of Representatives

Sunrun RUN.O tumbles 12.6%, First Solar FSLR.O down 3%, Enphase Energy ENPH.O declines 3.7% and Solaredge Technologies SEDG.O sheds 5.3%

Array Technologies ARRY.O dips 2.5% and Nextracker Inc NXT.O falls 2.5%

Last week, companies that put solar panels on U.S. homes said the Republican budget bill would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry's growth

The bill would scrap a 30% federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said

Inveso solar ETF PAN.P dips 5.2% after climbing ~60% over the past 12 months