1218 ET - U.S. clean tech companies are facing several risks as a result of Donald Trump's win in the presidential election, according to a note by Pavel Molchanov, an analyst at Raymond James. "Trump's victory automatically creates headline risk for the entire clean tech landscape," he says. Federal regulatory policy towards clean tech is likely to be weaker than in the past four years, Molchanov says. Should Republicans retain the House, there's a risk of legislative changes that could hurt clean tech companies, he says. In addition, there's an expectation of higher inflation under a Trump presidency, Molchanov says. "Anything that raises the cost of capital creates a headwind for energy transition capex." iShares Global Clean Energy ETF is off 7%. (yuliya.chernova@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 12:18 ET (17:18 GMT)
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