EXCLUSIVE: Would A Trump Victory Help Or Hurt Solar Stocks? Benzinga Poll Shows Investors Divided
Portfolio Pulse from Hayden Buckfire
A Benzinga poll reveals that investors are divided on whether a Trump victory would benefit or harm solar stocks. With Trump’s odds of winning the presidency increasing, solar stocks like Invesco Solar ETF (TAN), First Solar Inc (FSLR), Enphase Energy Inc (ENPH), and Canadian Solar Inc (CSIQ) have seen varied performances. Historically, Trump has been skeptical of solar energy, favoring fossil fuels.
July 18, 2024 | 6:10 pm
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NEUTRAL IMPACT
Canadian Solar Inc (CSIQ) initially took a hit following the assassination attempt on Trump but has since recovered. The company's performance may still be influenced by Trump's rising odds of winning the presidency.
Canadian Solar Inc (CSIQ) has shown resilience by recovering after an initial hit due to political events. However, the stock's future performance may still be influenced by Trump's rising odds of winning the presidency.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Enphase Energy Inc (ENPH) also took a major hit following the assassination attempt on Trump and has continued to decline. The company's performance is likely to be negatively impacted by Trump's rising odds of winning the presidency.
Enphase Energy Inc (ENPH) has been negatively impacted by political events that favor Trump. Given Trump's historical stance against solar energy, the stock is likely to face further downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
First Solar Inc (FSLR) experienced a major hit following the assassination attempt on Trump and has continued to decline. The company's performance is likely to be negatively impacted by Trump's rising odds of winning the presidency.
First Solar Inc (FSLR) has been negatively impacted by political events that favor Trump. Given Trump's historical stance against solar energy, the stock is likely to face further downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
The Invesco Solar ETF (TAN) is down 18.32% in 2024, with a further decline of over 4% following an assassination attempt on Trump. The ETF's performance is closely tied to the political climate and Trump's rising odds of winning the presidency.
The Invesco Solar ETF (TAN) has shown a significant decline in 2024, exacerbated by political events that increase Trump's odds of winning. Given Trump's historical skepticism towards solar energy, the ETF is likely to face further downward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100