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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 15:06:23 (1 weeks 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

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Copyright Owner: © Benzinga

News ID: 23518529

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