Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill.

The maker of solar-power components saw its stock downgraded after Trump’s executive order enforcing a phaseout of tax credits.

President Trump on Monday directed the Treasury Department to take a strict approach to limit which projects can get access to wind and solar tax credits. The recently passed Republican megabill ends the tax credits for wind and solar tax credits unless solar or wind farms start producing electricity by 2028 – or unless they start