As the 2024 Presidential Election approaches, investors are considering which energy stocks to sell in anticipation of potential market shifts. With a focus on the clean energy sector, some stocks may be at risk if former President Donald Trump secures victory.
Among the energy stocks that investors may want to reconsider is First Solar (FSLR). Recent tariffs on Chinese solar technology and Trump’s historical stance on the industry could impact FSLR’s future prospects.
Another energy stock that could face challenges with a Republican victory is NextEra Energy (NEE). The Inflation Reduction Act, which NEE relies on, may be at risk under a new administration.
Furthermore, the broader clean energy industry, represented by iShares Clean Energy ETF (ICLN), could see setbacks in the event of a Trump win. Trump’s policies have traditionally favored traditional energy sources like oil and natural gas, potentially impacting the clean energy sector negatively.
Understanding the potential impact of political outcomes on the energy sector is crucial for investors looking to make informed decisions. Selling energy stocks ahead of significant elections can help mitigate risks and position portfolios for potential market shifts.
