On the 18th, Hanwha Solutions' stock price is declining for the second consecutive day. This follows news that the U.S. Senate Finance Committee may phase out tax credits for solar and wind energy by 2028.
As of 9:24 a.m. on the 18th, Hanwha Solutions' stock price is trading at 31,550 won, down 1,600 won (4.83%) from the previous trading day in the stock market. It has fallen 9% the day before due to the possibility of being phased out, marking a second consecutive day of decline.
At the same time, the stock prices of renewable energy-related companies, including SK eternix, HD Hyundai Energy Solutions, and OCI Holdings, are all declining.
According to Reuters on the 18th, the U.S. Senate Finance Committee unveiled a revised version of President Trump's massive tax cut and expenditure bill, stating on the 16th (local time) that it would gradually phase out tax credits for renewable energy, including solar and wind, by 2028.