The USA photovoltaic industry is facing its 'darkest hour': Sunnova plummeted 71% overnight. Did Trump destroy the entire Industry?

On March 4, Eastern Time, shares of Sunnova Energy International Inc., a solar energy company in the USA, plummeted by 71% due to greater-than-expected losses in the last quarter and significant uncertainty regarding its ability to continue operations; The solar Energy industry in the USA is facing its "darkest hour" due to factors such as high interest rates, weakening incentives, and opposition to green Energy initiatives by the Trump administration.

cls.cnMar 4 05:32 ET

Express News | Trump Signs Actions to Withdraw from the Paris Climate Agreement, Aims to Promote Fossil Fuels and Mineral Mining

Moomoo 24/7Jan 20 19:16 ET

TrendForce Consulting: It is expected that the global photovoltaic new installed capacity will reach 596GW in 2025, an increase of 6.0% year-on-year.

According to TrendForce's data, Global photovoltaic installed capacity has rapidly increased from 113 GW in 2019 to 462 GW in 2023, with an average annual compound growth rate of 42.3%.

Zhitong FinanceDec 30, 2024 02:01 ET

The U.S. Can't Beat China at Solar Power. It May Be Time to Join Them. -- Barrons.com

Barron'sNov 13, 2024 02:30 ET

Clean-Energy Stocks Rally as Poll Raises Hope for Harris Win -- Barrons.com

Barron'sNov 4, 2024 12:07 ET

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.

wallstreetcnOct 30, 2024 21:15 ET