What Does Another Trump Presidency Mean for Solar Stocks?

Core Viewpoint - Shares of solar companies are declining following Donald Trump's presidential victory, which raises concerns about the potential repeal of the Inflation Reduction Act (IRA) that supports clean energy projects and solar installations [1] Group 1: Company Performance - First Solar Inc (FSLR) is down 11% to $192.17, having previously dipped to $173.37, and is now 23.1% lower for the quarter despite being up 11.3% year to date [2] - Enphase Energy Inc (ENPH) hit its lowest level since September 2020, trading 16.8% lower at $74.78, and has lost 43.8% in 2024 [3] - NextEra Energy Inc (NEE) is down 4.8% to $74.83, breaching its 160-day moving average for the first time since March, with an 11.3% deficit quarter-to-date [3] Group 2: Market Activity - All three companies are experiencing higher-than-usual intraday options volume, with calls outpacing puts for FSLR and ENPH, while NEE has seen 18,000 puts exchanged, three times the typical amount [4]