Shares of solar companies First Solar Inc (NASDAQ:FSLR), Enphase Energy Inc (NASDAQ:ENPH), and NextEra Energy Inc (NYSE:NEE) are sliding today, following Donald Trump's presidential victory.
Alternative energy stocks tumbled Wednesday after Donald Trump was declared the winner of the U.S. presidential election over Vice President Kamala Harris.
Several solar stocks including First Solar (FSLR) and Enphase Energy (ENPH) slumped in early trading Wednesday after the presidential election was called in favor of former President Donald Trump.
Retail investors can have a significant advantage over others by following Wall Street analysts' trends, especially in the way they shift their ratings and price targets for certain stocks. Today, three names give investors an opportunity to reverse engineer some of the recent analyst upgrades to determine whether they are Buys across the board.
Solar stocks are selling off as clean energy investors worry Donald Trump is on a path to win the U.S. presidential election. Traders are worried that Trump could repeal the Inflation Reduction Act if Republicans manage to secure unified control of government.
First Solar's business is driven by subsidies, which may not be sustainable.
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