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Short-selling institutions rake in 1.2 billion! Trump's return deals a heavy blow to green energy stocks, is the countdown to the demise of US offshore wind power?
①Trump's return to the White House led to the selling of renewable energy stocks, with Plug Power and Sunrun stock prices plummeting on Wednesday, while financial institutions profited over $1.2 billion. ②In May, Trump declared that if he wins the November election, he will end the United States' offshore wind power projects on the 'first day' in office and terminate subsidies prescribed by the Inflation Reduction Act.
Will Trump 2.0 be a 'photovoltaic winter'? U.S. Photovoltaic giant: It is unlikely to completely cancel subsidies.
usa photovoltaic giant sunrun's CEO believes that even if Trump wins the US election, it is 'highly unlikely' to completely abolish the 'Inflation Reduction Act' and cancel tax credits for industries such as photovoltaics.
Clean-Energy Stocks Rally as Poll Raises Hope for Harris Win -- Barrons.com
Trump's Treasury Secretary nominee Paulson: Working with Musk to reduce expenses, especially by canceling green energy subsidies, has Asia's giants at a loss?
Abolishing the current Clean Energy Tax Reduction Policy in the existing 'Inflation Reduction Act' could increase tax revenue by approximately $921 billion over a decade. For Asian giants such as Toyota and Hyundai engaged in electric vehicles, wind power, and other renewable energy industries, President Trump and his allies' plan to abolish the Clean Energy Tax Reduction Policy would harm their financial condition and reduce the attractiveness of the USA market.
Subsidies for photovoltaic and wind energy should all be cut! Potential Treasury Secretary pick for Trump: will cut federal spending with Musk.
①John Paulson, the 'backer' of Donald Trump, recently stated that if he ultimately becomes the new Secretary of the Treasury of the usa, he will cooperate with Tesla's CEO Musk to jointly formulate policies that significantly reduce federal spending; ②Paulson said that all tax subsidies for inefficient and uneconomical energy sources such as cecep solar energy and wind energy should be canceled, which will reduce fiscal expenditures.
Ellomay Capital Secures NIS 62.2M in Debenture Placement
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