Renewable Energy Stocks Plummet Amid Trump Policy Concerns

Following the U.S. election results favoring Donald Trump, renewable energy stocks like First Solar, Sunnova Energy, and Plug Power have plummeted due to investor concerns over potential new tariffs on solar imports and the possible rollback of subsidies from the Inflation Reduction Act. While First Solar might benefit from domestic manufacturing, Sunnova and Plug Power face challenges due to their unprofitability and reliance on government support. The market reaction presents a potential buying opportunity for First Solar, given its attractive valuation and growth prospects.