Trump’s Win Was Great News for Prison Stocks—But a Nightmare for Others

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Elections News

2024-Presidential-Election,Donald-J-Trump

It’s an excellent time to be alive if you’re in the business of locking people up.

: Banks and lenders. Looking forward to higher profits if the future President Trump backs off on a: JPMorgan Chase. The largest U.S. bank rose 11.5 percent Wednesday. New value: $696 billion.: Solar power manufacturers. Trump hates the fact that solar farms fill up entire deserts, even if it’s not true. Plus, most solar panels are made in China, so they face punitive tariffs too.: Sunnova, a Houston-based solar power provider, fell 51.65 percent Wednesday. New value: $882 million.: Prisons.

“I’m for electric cars—I have to be, because Elon endorsed me,” he told a campaign rally. “I have no choice”.: Private equity and investment firms. The Biden administration has tried to block mergers that fall foul of competition rules. Trump’s Treasury Department won’t have that problem.: KKR. The global investment and private equity group formerly known as Kohlberg Kravis Roberts rose 9.55 percent. New value: $135 billion.: Orsted.

 

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