Details about how the Senate’s version of the federal spending bill will handle tax credits related to green energy have sent companies in the space spiraling. Shares of beaten-down hydrogen fuel cell company Plug Power have tumbled almost 18%. Solar stocks were crushed, with shares of Enphase Energy down 24%, First Solar down 18%, and SolarEdge down 32%. Analysts say that while the new Senate proposal is clearly a negative for renewable energy names, it is a “significant improvement” from how things looked in the House. Senate Republicans are hoping to move fast to pass the bill before the Fourth of July. The Senate’s bill would end the green hydrogen production credit at the end of this year. That incentive program, established under the Biden administration’s Inflation Reduction Act, provided up to $3 per kilogram of clean hydrogen produced. According to Plug filings, the credit allowed hydrogen power to be cost competitive with fossil fuels. https://sherwood.news/mar.. #The Most Important Thing