Core Viewpoint - Founder Group Limited, a leading solar photovoltaic system EPCC solutions provider in Malaysia, assures investors that it will not be affected by the proposed gradual elimination of solar tax credits in the U.S. by 2028 [1]. Company Overview - Founder Group Limited specializes in the full-process engineering design, procurement, construction, and commissioning of solar energy facilities, focusing on large-scale solar projects and commercial and industrial (C&I) solar projects [2]. - The company's mission is to provide innovative solar installation services, promote eco-friendly resources, and achieve carbon neutrality goals [2]. Market Position - The CEO of Founder Group, Lee Seng Chi, stated that the company primarily operates in Malaysia and has no business in the U.S., thus it is not impacted by the current market sentiment affecting U.S. solar stocks [1]. - The company's revenue is mainly derived from the Malaysian market, making it unaffected by proposed changes in tax incentives in the U.S. [1]. - Future expansion plans will focus on the Southeast Asian region, with no current plans to expand into the U.S. market [1].

Core Viewpoint - The U.S. Senate has proposed a complete elimination of tax credits for solar and wind energy by 2028, leading to a decline in related stocks in the U.S. market [1] Company Impact - Enphase Energy shares fell by 15.1% in pre-market trading [1] - Sunrun experienced a significant drop of 24.9% [1] - First Solar's stock decreased by 8.4% [1] - Solaredge Technologies saw a decline of 18.8% [1] Industry Reaction - The proposed tax credit elimination has negatively impacted investor sentiment towards the solar energy sector, reflected in the sharp declines of major companies' stock prices [1]

Core Viewpoint - The article discusses the significant negative impact of President Trump's tax bill on the U.S. clean energy sector, particularly the solar energy industry, leading to a sharp decline in stock prices of major renewable energy companies [1][4]. Tax Credit Reductions - The new bill drastically cuts the tax incentives for clean energy that were previously established under the Biden administration's Inflation Reduction Act. The residential solar tax credit will be eliminated by the end of 2025, while the commercial solar tax credit will gradually decrease starting in 2029, ultimately being phased out by 2032 [4][5]. - The bill also introduces a critical change by disallowing solar leasing companies from applying for the commercial investment tax credit (ITC), which could have catastrophic effects on the rooftop solar industry, where approximately 70% of installations are based on leasing [5][6]. Impact on Companies - Major companies in the solar sector experienced significant stock price declines following the announcement of the bill. NextEra Energy's stock fell by 6.4%, Enphase Energy's by 19.6%, SolarEdge's by approximately 25%, and Sunrun's by 37% [1][4]. - Analysts predict that green energy stocks may continue to decline, with the Invesco Solar ETF seeing a net asset value drop of 7.45% [6]. Senate Considerations - The Senate is expected to develop its own proposal, with some Republican senators expressing concerns about the elimination of energy tax credits. However, analysts believe that these dissenting voices may not lead to substantial changes in the final legislation [7][8]. - The bill is projected to increase the national debt by approximately $3.8 trillion over the next decade, raising concerns about fiscal responsibility among lawmakers [7]. Political Dynamics - President Trump has urged the Senate to act quickly on the bill, indicating potential political repercussions for Republican senators who oppose it. This pressure may lead to a lack of substantial opposition in the Senate [8].