Trump effect in clean tech sector deepens angst in Europe's boardrooms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 29 2024
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Source: reuters
Impact of Potential Trump Presidency on Clean Energy: European clean energy companies are reconsidering expansion plans in the U.S. due to fears that a potential second Trump presidency could lead to the repeal or weakening of the Inflation Reduction Act, which currently incentivizes investments in sustainable energy.
Market Uncertainty and Investment Hesitation: The uncertainty surrounding the U.S. elections is causing delays in investment decisions across the clean tech sector, with companies like SMA Solar and Thyssenkrupp Nucera reporting hesitance from partners and potential investors, impacting their growth strategies.
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.
