Solar Stocks Sink on Trump Victory
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Roth Capital Sees Downside in Solars Following Trump Win (SCTY) (FSLR) (TSL) (YGE)
November 9, 2016 10:49 AM ESTRoth 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What is the probability that the ITC extension gets repealed?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