IEA Reduces U.S. Renewables Growth Outlook by 50% Citing Trump Administration Policies
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
U.S. Renewable Energy Forecast: The International Energy Agency has reduced its U.S. renewable energy growth forecast for 2030 from 500 GW to 250 GW due to recent policy changes by the Trump administration, including tax credit phase-outs and restrictions on wind and solar projects.
Global Renewable Capacity Trends: Despite the U.S. forecast downgrade, global renewable power capacity is expected to double by 2030, with solar energy projected to contribute nearly 80% of the increase, although the overall global forecast has also been revised down by 5% due to policy changes in the U.S. and China.
Analyst Views on FAN
Wall Street analysts forecast FAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FAN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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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.
