Overview

• The US House of Representatives passed President Trump's tax proposal by a narrow 215-214 vote, advancing the bill to the Senate.
• The legislation seeks to phase out critical clean energy tax incentives, including the 30% federal solar tax credit and related grants.
• Shares of Waaree Energies fell 7.89% and Premier Energies dropped 3.49%, reflecting market fears over reduced US solar subsidies.
• Waaree Energies, with 57% of its order book tied to the US, faces heightened risks, while Premier Energies' planned US facility may be jeopardized by policy uncertainty.
• Industry experts warn of potential factory closures, job losses, and higher electricity costs in the US if the bill becomes law.