Trump's victory: US and global renewable markets brace for storm [Yahoo! Finance]
First Solar, Inc. (FSLR)
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Source: Yahoo! Finance
The election result has already sent tremors through the renewables industry. US solar stocks tumbled on Wednesday, with companies like First Solar dropping 10%, while Sunrun and Sunnova plunged over 29% and 51%, respectively. Despite Trump not having made clear his stance on solar, investors reacted to his broader promise to eliminate green subsidies. The former president has pledged to dismantle the Inflation Reduction Act (IRA) – a cornerstone of Joe Biden's $369bn clean energy initiative which has played a key role in the expansion of renewables deployment in the country. On the other hand, Trump's disdain for wind power is no secret, famously declaring “I hate wind” and promising to halt offshore wind projects immediately upon returning to office. His Agenda47 policy platform reiterates his vow to “end all Joe Biden policies that disrupt energy markets... including the outrageous subsidies for wind energy”. Trump's victory reverberates far beyond US borders, sending shockw
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FSLR
Earnings
- 10/29/24 - Miss
FSLR
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form 4
- 10/31/24 - Form 144
- FSLR's page on the SEC website