Solar Stocks Dive Amid Trump-Driven Clean Energy Concerns
Following Donald Trump's election as U.S. president in 2024, solar stocks have plummeted, with major companies like First Solar and Sunrun experiencing significant declines. Sunnova CEO John Berger argues that the market's reaction is overly emotional and not reflective of the industry's strength. Concerns about potential repeals of clean energy tax credits under the Inflation Reduction Act are seen as exaggerated, with bipartisan support for U.S. manufacturing likely to sustain key incentives. Sunnova is adapting by focusing on U.S.-made components to mitigate tariff impacts and enhance cash generation.