Close

Canadian Solar (CSIQ), Trina Solar (TSL) Mentioned Cautiously at Morgan Stanley - Bloomberg

Go back to Canadian Solar (CSIQ), Trina Solar (TSL) Mentioned Cautiously at Morgan Stanley - Bloomberg

Roth Capital Sees Downside in Solars Following Trump Win (SCTY) (FSLR) (TSL) (YGE)

November 9, 2016 10:49 AM EST

Roth Capital is largely negative on the solar sector following Donald Trump's U.S. Presidential election win on Tuesday.

The firm noted the following key points on Wednesday:

What is the probability that the ITC extension gets repealed? Meaningful. One of Trump's goals is to pursue tax reform and reduce the corporate tax rate to 15%. With the GOP controlling the executive and legislative branches, there is a meaningful probability that this develops momentum. One of our DC contacts suggested that when the Bush administration... More