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Key Takeaways
- First Solar led gains on the S&P 500 Wednesday as solar stocks got a boost on the heels of Tuesday’s presidential debate between former President Donald Trump and Vice President Kamala Harris.
- During the debate, Trump said Harris would “go back to solar,” if she wins the presidency, and added he’s “a big fan of solar,” according to an ABC News transcript.
- First Solar shares popped more than 15% Wednesday, while SolarEdge Technologies gained over 8%, and Enphase Energy added nearly 6%.
First Solar (FSLR) led gains on the S&P 500 Wednesday as solar stocks got a boost on the heels of Tuesday’s presidential debate between former President Donald Trump and Vice President Kamala Harris.
During the debate, Trump said Harris would “go back to solar,” if she wins the presidency, adding that he’s “a big fan of solar,” according to an ABC News transcript.
First Solar shares popped more than 15% Wednesday, while SolarEdge Technologies (SEDG) gained over 8%, and Enphase Energy (ENPH) added nearly 6%.
Other green energy stocks also advanced as investors weighed the possibility of Harris continuing the Biden administration’s climate policies, with Polymarket still predicting a Trump win and PredictIt increasing its likelihood of a Harris one.
While Harris didn’t address solar energy during the debate specifically, she has been a proponent of the Biden Administration’s Inflation Reduction Act, which includes tax credits for rooftop solar and other clean energy initiatives.