US green power demand expected to grow regardless of election outcome
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: Reuters
Demand for Green Power: The demand for green power in the U.S. is expected to grow regardless of the presidential election outcome, although the offshore wind sector faces challenges such as rising costs and project cancellations.
Industry Challenges: Companies like Orsted and Vestas are experiencing profit declines due to construction issues and supply chain delays, while political tensions surrounding offshore wind projects persist, particularly with contrasting views from Democratic and Republican candidates.
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.
