Enphase Energy Stock Plummets 23.99% Amid Tax Incentive Concerns, Trading Volume Soars to 41st Rank

On June 17, 2025, Enphase Energy (ENPH) experienced a significant decline, with its stock price dropping by 23.99%. The trading volume reached 11.62 billion, marking a 314.13% increase from the previous day, placing it at the 41st position in the day's trading volume rankings.

The recent downturn in Enphase Energy's stock price can be attributed to proposed legislation that aims to reduce tax incentives for the solar industry. This legislative change has raised concerns among investors about the company's future profitability and growth prospects. The proposed amendments to President Trump's tax policies have led to a significant drop in Enphase's stock price, with shares plunging 16% in after-hours trading on June 16.

Additionally, macro-economic factors such as high interest rates have made solar financing more expensive, further contributing to the decline in Enphase's stock price. The company's operating margin of 10.7% trails the broader market's 13.2%, indicating inefficiencies that may also be impacting investor sentiment. The current volatility in Enphase's stock price is largely driven by these external factors, which have created uncertainty in the market.