In this article, we are going to discuss the energy stocks that are losing this week.
The American solar and wind energy sectors suffered a major blow this week after the release of the U.S. Senate’s proposed plan to phase out their much-needed tax credits by 2028, as part of President Donald Trump’s sweeping tax and spending bill.
While the House version of the bill would have required projects to be under construction within 60 days to be eligible for the credits, the Senate version provides full credit as long as construction begins before the end of 2025 and also provides for partial credits for projects that begin construction next year.
The legislation will hit the rooftop solar industry particularly hard, as it aims to end the residential solar tax credit by the end of this year. The sector had already been struggling due to high interest rates and metering reforms in the top market of California, which have reduced compensation paid to homeowners for selling their excess solar-produced power back to the grid. So the latest blow caused several residential solar sector players to nosedive this week.
However, not all hope is lost as changes to the bill still remain a possibility, with many analysts being skeptical that policymakers will pass it in its current form before President Trump’s self-imposed deadline of July 4, 2025.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between June 10 to June 17, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.
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10. Helmerich & Payne, Inc. (NYSE:HP)
Share Price Decline Between June 10 – June 17: 4.18%
Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies.
Helmerich & Payne, Inc. (NYSE:HP) fell last week after disclosing that it has received notices of contract suspensions for an additional nine rigs in Saudi Arabia, bringing its total paused rigs in the country to 26. The rigs were part of a legacy KCA Deutag fleet that the oilfield services company acquired when it bought the competitor in a nearly $2 billion deal in January.
However, despite the setback, Helmerich & Payne, Inc. (NYSE:HP) remains optimistic. The company’s chief executive, John Lindsay, stated:
“Although the unexpected softening in the KCA Deutag acquisition’s Saudi operations has presented short-term financial challenges, H&P continues to maintain its strong financial foundation. Even with the slowdown in the Saudi market, we are beginning to capture synergies from this transaction and remain confident that our significant drilling presence in the world’s most productive oil and gas region enhances the company’s long-term position in the global market. Additionally, our North America solutions operations and other markets are performing in-line with the guidance shared during our May earnings call.”
9. The AES Corporation (NYSE:AES)
Share Price Decline Between June 10 – June 17: 6.73%
The AES Corporation (NYSE:AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally.
The AES Corporation (NYSE:AES) suffered a setback this week after a Senate panel proposed phasing out solar and wind tax credits by 2028, as part of changes to President Donald Trump’s ‘One, Big, Beautiful Bill’. While this is expected to deal a significant blow to AES, the company should be able to make it through, as only 52% of its deployed power assets were dedicated to renewables, with the remainder divided between natural gas and coal.
Moreover, around 23% of the company’s total renewables portfolio is composed of hydropower, whose tax credits will remain in the Senate bill until beginning their phaseout in 2033 through 2036.
8. PG&E Corporation (NYSE:PCG)
Share Price Decline Between June 10 – June 17: 8.38%
Next on our list of Energy Stocks that Fell the Most This Week is PG&E Corporation (NYSE:PCG), which provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.
PG&E Corporation (NYSE:PCG) continues to plunge and reached a new 2-year low this week following the backlash of the company’s role in past wildfire incidents, and a proposed California legislation that would overhaul utility regulation and financing in the state.
The legislation calls for the creation of a new regulatory authority and excludes utility shareholders from earning profits from as much as $15 billion in capital spending on fire mitigation and infrastructure. Moreover, it seems to include provisions for improving the Golden State’s utility wildfire insurance fund, requiring ongoing contributions from utilities.
7. Centuri Holdings, Inc. (NYSE:CTRI)
Share Price Decline Between June 10 – June 17: 8.63%
Centuri Holdings, Inc. (NYSE:CTRI) is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Centuri Holdings, Inc. (NYSE:CTRI) fell this week after the company announced that it has commenced an underwritten secondary public offering of 9.5 million shares of CTRI’s common stock by Southwest Gas as a selling stockholder. Southwest also intends to grant underwriters a 30-day option to purchase up to an additional 1.425 million shares. However, Centuri will not receive any proceeds from the offering as it is not selling any shares.
Moreover, Southwest Gas has separately also entered into an agreement to sell $22 million in CTRI shares to investment entities affiliated with Carl C. Icahn in a concurrent private placement at the same price as the public offering.
6. First Solar, Inc. (NASDAQ:FSLR)
Share Price Decline Between June 10 – June 17: 12.59%
First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules.
First Solar, Inc. (NASDAQ:FSLR) plunged this week after it was revealed that the Senate version of President Trump’s sweeping tax-and-spending bill has retained the cuts to renewable energy tax credits. The Senate committee’s draft bill proposes cutting solar and wind incentives to 60% of their value in 2026 and ending them completely by 2028. With solar energy being First Solar’s core business, the proposed legislation is a direct strike to the company.
Following the recent downturn, the share price of First Solar, Inc. (NASDAQ:FSLR) has fallen by around 45% over the last year.
5. Brooge Energy Limited (NASDAQ:BROG)
Share Price Decline Between June 10 – June 17: 20.7%
Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates.
After a slight pullback, Brooge Energy Limited (NASDAQ:BROG) again plunged this week following the company’s announcement that it will voluntarily delist from NASDAQ by mid-June, with no intentions to list its shares on any other securities exchange. Brooge expects the last day of quotation of its shares on NASDAQ to be on or around June 19, 2025.
The company’s decision to delist was based on a careful review of numerous factors, including the lack of an active trading market for its securities, the resources and expenses associated with maintaining SEC and Nasdaq reporting requirements, and the related regulatory burdens that have led to significant operating expense and attention of the company’s management team.
4. Enphase Energy, Inc. (NASDAQ:ENPH)
Share Price Decline Between June 10 – June 17: 22.54%
Ranked 4th on our list of Energy Stocks that Lost the Most This Week is Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of micro-inverter-based solar and battery systems.
Enphase Energy, Inc. (NASDAQ:ENPH) nosedived to a 5-year low this week following a proposal by the Senate Finance Committee to speed up the elimination of tax credits for solar and wind energy industries. According to the new proposal, these incentives would be reduced by 60% next year and phased out entirely in 2028, in contrast to the original expiry date of 2032, according to the current law.
The proposed legislation deals a massive blow to the rooftop solar industry, as it would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, posing a significant threat to players like Enphase Energy, Inc. (NASDAQ:ENPH).
3. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Share Price Decline Between June 10 – June 17: 23.75%
SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a global leader in smart energy technology. The company produces current optimized inverter systems for solar photovoltaic installations in the United States, Germany, the Netherlands, Italy, the rest of Europe, and internationally.
After posting gains of over 90% since the beginning of May, SolarEdge Technologies, Inc. (NASDAQ:SEDG) plunged heavily this week following the release of the Senate’s proposed plan to phase out solar tax credits by 2028 as part of President Trump’s sweeping tax and spending bill.
While the industry was already expecting a gradual phase-out of the incentives, the new version of the bill accelerates this timeline. Under current law, the phase-out will not begin until 2032.
The rooftop solar industry has been hit particularly hard, as the proposed legislation aims to end the residential solar tax credit by the end of this year. This deals a major blow to SolarEdge Technologies, Inc. (NASDAQ:SEDG), as its inverter sales are expected to take a hit from a drop in demand for rooftop solar.
2. New Fortress Energy Inc. (NASDAQ:NFE)
Share Price Decline Between June 10 – June 17: 28.06%
New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.
New Fortress Energy Inc. (NASDAQ:NFE) plunged to an all-time low this week after a Bloomberg report that various creditor groups have formed amid a mounting debt crisis at the LNG company. Currently, NFE is grappling with nearly $9 billion in debt, coupled with delays in pivotal projects that have hampered its cash flow.
New Fortress Energy Inc. (NASDAQ:NFE) was also late in filing its Q1 report with the SEC, citing in part a delay in the $1 billion sale of Jamaican operations that was completed last month. Moreover, in the wake of downgrades by S&P Global and Fitch, some of the company’s bonds have plunged to record lows below 50 cents on the dollar recently.
To make matters worse, New Fortress Energy Inc. (NASDAQ:NFE)’s financial difficulties may also delay its $1.1 billion LNG export project in northeastern Mexico, which is seen as crucial to the long-term future of the company.
1. Sunrun Inc. (NASDAQ:RUN)
Share Price Decline Between June 10 – June 17: 34.76%
Topping our list of Energy Stocks Losing the Most This Week is Sunrun Inc. (NASDAQ:RUN), America’s leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs.
Sunrun Inc. (NASDAQ:RUN) crashed to a 5-year low this week after Senate Republicans detailed revisions to the House’s tax-and-spending bill that included fully phasing out wind- and solar-tax credits entirely by 2028, in contrast to the original expiry date of 2032, according to the current law.
The proposed legislation also ends credits by around the end of this year for the already reeling residential solar industry, dealing a major blow to companies like Sunrun Inc. (NASDAQ:RUN) that lease rooftop solar systems as well as homeowners who buy them outright.
As a result, KeyBanc analyst Sophie Karp downgraded Sunrun Inc. (NASDAQ:RUN) from ‘Sector Weight’ to ‘Underweight’, while also reducing its price target to $6 per share.
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