Trump’s Solar & Wind Freeze: FSLR, RUN, NEE Stocks Brace for Impact as White House Halts Renewable Approvals

President Trump just dropped a bombshell on the renewable energy sector—the U.S. won’t greenlight new solar or wind projects. No ambiguity, no phase-out; it’s a full stop.

Market Shockwaves

First Solar (FSLR), Sunrun (RUN), and NextEra Energy (NEE) are reeling. Investors are scrambling—do you double down on clean energy’s long-term thesis or cut losses before the bleeding worsens? These aren’t small players; they’re titans staring down a policy abyss.

Behind the Decision

The administration’s pushing energy independence—just not the kind solar lobbyists wanted. Fossil fuels are back in favor, and renewables? Treated like a regulatory nuisance. Permitting delays were one thing; an outright block is another beast entirely.

Finance’s Cynical Take

Wall Street’s already pricing in the chaos. If you’re long on wind and solar, maybe it’s time to revisit that thesis—or pray for a legislative Hail Mary. Because nothing says 'stable investment' like a sector that lives and dies by presidential whim.

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“We will not approve wind or farmer destroying Solar,” Trump wrote on social media. “The days of stupidity are over in the USA!!!” The president’s latest comment on renewable energy sources comes after his administration tightened federal permitting for solar, wind, and hydro projects.

Renewable energy companies such as First Solar (FSLR), Sunrun (RUN), and NextEra Energy (NEE) fear that their projects will no longer receive permits that were once the normal course of business. The stocks of renewable energy companies have been volatile in recent months as investors make sense of the Trump administration’s policies.

Rising Electricity Costs

President Trump has blamed renewable energy for rising electricity costs in the U.S. Prices have risen on America’s largest grid, PJM Interconnection, as rapidly growing demand from data centers and other industries faces a tight power supply with resources such as coal plants steadily retired.

PJM Interconnection has seen prices for new power capacity rise 22% this year compared to 2024. PJM covers 13 states across the Midwest and South. Analysts say that wind, solar, and hydro power sources can help bridge the current supply gap as they make up an overwhelming majority of the projects in line to connect to the U.S. power grid.

Trump’s recent budget legislation terminates the investment and production tax credits for wind and solar projects by the end of 2027. Those credits have played a key role in the expansion of renewable energy.

Is the SPDR S&P 500 ETF Trust a Buy?

The SPDR S&P 500 exchange-traded fund (SPY) currently has a consensus Moderate Buy rating among 504 Wall Street analysts. That rating is based on 425 Buy, 73 Hold, and six Sell recommendations issued in the last three months. The average SPY price target of $718.24 implies 13.47% upside from current levels.

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