Solar Stocks Tumble Following Failed Assassination Of Trump: What's Going On?
Portfolio Pulse from Erica Kollmann
Solar stocks, including First Solar (FSLR) and Sunrun (RUN), are trading lower following a failed assassination attempt on former President Donald Trump. Investors are concerned that a potential second Trump term could negatively impact the clean energy sector. Despite this, Susquehanna analyst Biju Perincheril maintained a Positive rating on Sunrun and raised the price target. Upcoming earnings reports for both companies are also in focus.
July 15, 2024 | 3:30 pm
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NEGATIVE IMPACT
First Solar shares are down 6.83% following a failed assassination attempt on Trump, raising concerns about the impact of a potential second Trump term on the clean energy sector.
The failed assassination attempt on Trump has increased the likelihood of a second Trump term, which investors fear could negatively impact the clean energy sector, including First Solar.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sunrun shares are down 10.2% following a failed assassination attempt on Trump. Despite this, Susquehanna analyst maintained a Positive rating and raised the price target. Upcoming earnings report on Aug. 6 is also in focus.
The failed assassination attempt on Trump has increased concerns about a potential second Trump term, which could harm the clean energy sector. Despite this, analyst sentiment remains positive, and upcoming earnings could provide further guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100