Solar Stock Slump Extends Into 2024 as Trump Election Odds Rise.

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  • Author(s): Mulima, Monique (AUTHOR)
  • Source:
    Bloomberg.com. 3/28/2024, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      TRUMP, Donald, 1946-; STOCK prices; UNITED States presidential election, 2024; TARIFF; BOARD of Governors of the Federal Reserve System (U.S.); WHITE House (Washington, D.C.); TRADE regulation; TAX incentives; INVESTORS; INTEREST rates
    • Abstract:
      Solar stocks are facing a slump due to falling prices, tariffs, and rising borrowing costs, with the potential threat of Donald Trump's return to the White House adding to investor concerns. However, solar companies face more pressing issues such as interest rates, pricing pressures, and US-China trade relations. The perception of risk during the election year is expected to cap the upside for the sector, but the long-term growth of the solar and wind industries in the US is predicted to continue regardless of the president in office. [Extracted from the article]
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