GE Vernova slips as Trump pledges executive order against wind energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
0mins
Source: SeekingAlpha
- Former President Trump threatens offshore wind development: Trump promised to issue an executive order targeting offshore wind development if re-elected, citing concerns about the impact on birds and whales.
- Potential executive order impact: The order could involve a new study of offshore wind impacts and a halt on permitting new projects, similar to Biden's approach with offshore oil leasing.
- Market reaction to Trump's comments: GE Vernova stock dropped 1.1% following Trump's statements against offshore wind projects during a rally in New Jersey.
- ETFs related to renewable energy: Various ETFs like (WIN), (ICLN), and others are relevant to the renewable energy sector, which could be affected by potential policy changes.
- Trump's growing lead in swing states: Trump's comments on different issues are gaining attention as he extends his lead over Biden in polls of crucial swing states.
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.
