Solar, Renewables Stocks Crash After Trump Win: Should You Buy Now At Cheap Valuations?

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Trump's Anti-Green Policy Stance

"We expect rhetoric regarding environmental policy and the sustainability of the [Inflation Reduction Act] to be elevated, which could likely lead to continued volatility in stocks in the Green Capex supply chain, particularly pure-play solar/wind stocks," Goldman Sachs analyst Brian Singer explained in a note Friday.

The Invesco Solar ETF (NYSE:TAN) dropped over 9% last week, dragging it to levels last seen in July 2020.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Small Cap Tech Benzinga Solar US73936T6156 US0231351067 Clean energy US3364331070 Energy Analyst Color Politics Expert Ideas AMZN ETFs US38259P5089 Top Stories Donald Trump Sector ETFs Stories That Matter US18383M6214 PBD TAN NOVA Equities ESG 2024 election Large Cap GOOGL SEDG Electric vehicles FSLR

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 15:06:23 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23518529

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