Solar, Clean Energy Stocks Hammered After Trump's White House Victory

Alternative energy equities sank after Donald Trump was elected president of the U.S.

The news startled the markets and left many investors wondering what the future holds for clean energy stocks. The S&P Global Clean Energy Index lost more than 10% of its value in the days following the election, and several individual stocks were hit even harder. SolarCity, for example, plunged 20%, while First Solar dropped 15%. Investors are dumping clean energy stocks because they believe Trump's policies will be unfavorable to the industry.

Trump has vowed to repeal the Clean Power Plan and the Paris Agreement on climate change

Both of these measures would have provided significant support for the clean energy sector. Trump has also pledged to cut taxes on fossil fuels, which would make them more competitive with renewable energy sources. As a result, many investors believe that the clean energy sector is facing an uphill battle under Trump's presidency.

What does this mean for the future of clean energy?

It is too early to say what the long-term impact of Trump's presidency will be on the clean energy sector. However, it is clear that the industry is facing some serious headwinds in the near term. Investors who are considering investing in clean energy stocks should be aware of the risks involved.

Here are some things to keep in mind:

1. Trump's policies could make it more difficult for clean energy companies to compete with fossil fuel companies.

2. The clean energy sector is likely to face increased regulatory uncertainty under Trump's presidency.

3. Investors should be prepared for the possibility of further declines in clean energy stock prices.

Conclusion

The election of Donald Trump has sent shockwaves through the clean energy sector. Investors are dumping clean energy stocks because they believe Trump's policies will be unfavorable to the industry. It is too early to say what the long-term impact of Trump's presidency will be on the clean energy sector, but it is clear that the industry is facing some serious headwinds in the near term. Investors who are considering investing in clean energy stocks should be aware of the risks involved.