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Stock impact report

How Trump's Victory Will Impact The Energy Sector [Forbes]

First Solar, Inc. (FSLR) 
Last first solar, inc. earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.firstsolar.com/investor-relations
Company Research Source: Forbes
at the Palm Beach County Convention Center during an election night watch party, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo/Lynne Sladky) Copyright 2024 The Associated Press. All rights reserved The energy sector surged the day after Donald Trump's 2024 presidential victory, with the Energy Select Sector SPDR Fund (XLE), representing energy stocks in the S&P 500, climbing nearly 4%. This rally reflects market optimism for fossil fuel investments under Trump's anticipated pro-oil and gas policies. In contrast, renewable energy companies faced declines, with U.S. solar giant First Solar dropping over 10%. These market reactions hint that Trump's second term will prioritize traditional energy sectors, potentially limiting support for renewables while advancing oil and gas expansion. Here' Trump's Vision for U.S. Oil and Gas During his victory speech , Donald Trump underscored his plans to further boost U.S. oil and natural gas production, currently both at re Show less Read more
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