European clean energy stocks tumble as Trump wins presidency By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
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Should l Buy ?
Source: Investing.com
Impact of Trump's Election on Clean Energy Stocks: Shares in European clean energy companies fell sharply following Donald Trump's election, as investors feared a rollback of U.S. renewable energy support and climate policies, including potential withdrawal from the Paris Agreement.
Market Uncertainty and Future Outlook: Analysts noted that while some projects may proceed, uncertainty surrounding Trump's policies could delay future offshore wind projects; however, companies like Vestas and Orsted remain optimistic about continued demand for green energy in the U.S. market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
