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Obvious Losers, Unexpected Winners As Tax Bill Passes Senate

Summary by Oil Price
Clean energy stocks delivered mixed performances on Wednesday as investors continued digesting the Senate’s surprise revisions to President Trump’s “big, beautiful bill.” Utility-scale solar firms remained under pressure, while residential solar, hydrogen, and U.S.-based battery storage companies extended gains amid signs the legislation favors domestic supply chains and penalizes projects linked to China. NextEra Energy (NYSE:NEE) slipped anoth…

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The leader of the solar industry warns that the passage of this bill will weaken U.S. industries that drive the economy and strengthen national security.The Senate approved the Republicans' budget bill by a vote of 51-50, with most of the deep cuts to solar energy regulation aid intact.During the weekend, the bill came out of the updated draft of the Finance Committee in a vote of 51-49, sending it to a heated debate in the Senate plenary.

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PV Tech broke the news in on Wednesday, July 2, 2025.
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