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Stock impact report

Trump likely to roll back but not dismantle Biden's clean energy spending [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Act (IRA). At his speech before the Economic Club of New York in September, he called the legislation the “greatest scam in history.” Yet, as the president-elect prepares to return to the White House in January, he faces pressure to keep the law largely intact from lawmakers in his own party, none of whom voted for the IRA. “About 75% of the job creation and the capital spending on new manufacturing and other clean energy resources has gone to red states or red counties in blue states,” said James West, senior managing director at Evercore ISI. “So we don't expect a whole lot to come from a new administration.” The perception that there could be a wholesale shift in energy policy sent clean energy stocks lower in the immediate aftermath of Tuesday's election. Solar panels and equipment manufacturers First Solar ( FSLR ) and Enphase ( ENPH ) plummeted, while the Invesco Solar ETF ( TAN ) declined 11% Wednesday. West said trade volumes surged threefold the day after the presiden Show less Read more
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