As the 2024 U.S. presidential election approaches, the potential impact on solar stocks is becoming a key concern for investors, according to RBC Capital.
Analysts at the bank provided a detailed analysis, suggesting that the current environment might offer a buying opportunity, especially for select names less exposed to the Inflation Reduction Act or those that could benefit from protectionist policies under a Republican administration.
While a Republican administration might introduce headwinds and increased volatility, RBC sees robust state-level support driven by renewable energy requirements.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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