tiprankstipranks
Deutsche Bank sees Trump win dampening solar sentiment
The Fly

Deutsche Bank sees Trump win dampening solar sentiment

Deutsche Bank believes Donald Trump’s win the Republicans retaking the Senate will likely lead to the scaling back of certain incentives, thus dampening sentiment on the solar industry. The firm expects the solar space to experience downward pressure and high volatility through the coming days, with the most meaningful impact on Sunnova Energy (NOVA) and Sunrun (RUN). It sees a less significant, though still negative, impact on Enphase Energy (ENPH) and SolarEdge (SEDG). While Deutsche expects First Solar (FSLR) to trade with the sector in the short-term, it believes the company is largely insulated from these headwinds over the medium-term. A Trump administration will likely maintain or increase current tariffs, which could be beneficial for First Solar, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App