0809 ET - The likely Republican sweep of last week's election might not be the wet blanket for residential solar companies that some investors think it is. Oppenheimer analysts say in a note that the sharp selloff of solar stocks post-election isn't reason to panic, as the underlying value for those companies is still intact. They say that continued focus on jobs and energy security under a possible unified Republican government will make it more challenging to walk back tax benefits for solar companies. Additional Fed rate cuts down the line will make solar ownership more affordable, they add, and power demand is expected to continue to surge. (ben.glickman@wsj.com; @benglickman)
(END) Dow Jones Newswires
November 11, 2024 08:09 ET (13:09 GMT)
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