Trump’s Plans to Scrap Climate Policies Has Unnerved Green Energy Investors
Published On Dec 25, 2024, 10:07 AM
The article discusses concerns among investors regarding potential changes to clean energy policies under President-elect Donald J. Trump. Following the election, clean energy stocks experienced a notable decline, while shares of oil companies rose, signifying market expectations of policy shifts that may adversely affect renewable energy investment. Trump's agenda is expected to include extending previous tax cuts, which could result in cuts to clean energy subsidies, potentially making many renewable projects financially unviable.
Stock Forecasts
ICLN
Negative
Given the anticipated reduction in clean energy subsidies and potential regulatory rollbacks under Trump, stocks in the clean energy sector are likely to face downward pressure. Conversely, oil and traditional energy companies may see an uptick in investment interest as their financial outlook improves with decreased competition from renewables.
XOM
Positive
With increasing uncertainty in the renewable energy sector and a more favorable outlook for oil companies, investing in traditional energy could yield positive returns in the short term as policies shift under the new administration.
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