The Fly serves as a critical news source for institutional investors and professional traders, particularly with respect to current events in the electric vehicle and clean energy sectors. Analyst recommendations on stock buys and sells in these areas are closely monitored. High-profile companies such as Tesla (TSLA), Rivian (RIVN), GM (GM), and Ford (F) are often the center of discussions, as are the many SPAC initiators in this increasingly vibrant market.
A focal point for environmental discussion comes from President Donald Trump’s recent post on Truth Social. His claim was that states heavily relying on WINDMILLS and SOLAR saw substantial increases in electricity and energy costs, suggesting this to be, in his words, the biggest scam. However, contrary to his claim, he does not support wind or solar power systems that could potentially harm agriculture. He made it clear that those days of recklessness are a thing of the past.
A variety of companies operate in the solar energy industry, including Array Technologies (ARRY), Canadian Solar (CSIQ), Complete Solaria (SPWR), Emeren (SOL), Enphase Energy (ENPH), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG), and Sunrun (RUN). These varying entities incorporate the necessity and innovation of solar power, a central aspect of the clean energy sector.
President Trump continued to criticize clean energy, particularly wind power. On Truth Social, he claimed that windmills were unattractive and damaging to the state of New Jersey. He cited heightened energy prices, up by 28% this year, and insufficient electricity to provide for the state, using these points to demand a halt to windmills.
Existing players of the clean tech and renewable developers include the likes of AES Corp. (AES), NextEra Energy (NEE), GE Vernova (GEV), Bloom Energy (BE), Plug Power (PLUG), First Solar (FSLR), and Fluence Energy (FLNC). These companies continue to maintain and further the development within the alternative energy industry, in spite of the recent backlash in the political sphere.
Orsted (DNNGY) recently revealed that its subsidiary, Revolution Wind, received a directive to cease operations on the outer continental shelf related to the Revolution Wind project. This order came from the U.S. Department of the Interior’s Bureau of Ocean Energy Management. The company is considering all possible avenues to address the situation promptly.
Orsted is focused on executing strategic actions for resolution, including the possibility of engaging with the relevant permitting agencies for any necessary clarification or resolution. The company hasn’t ruled out possible legal proceedings, with their ultimate goal remaining the same – to continue the construction of the Revolution Wind project.
In the electric vehicle industry, particularly Tesla (TSLA), a notable development was the approval by U.S. District Court of a class-action lawsuit. The issue at hand was the alleged misleading information Tesla provided about its self-driving capabilities, sparking much controversy within the industry.
On another note, Tesla’s CEO Elon Musk made a statement regarding the production of a variant of Model Y. He mentioned that production in the United States would not commence until the end of the following year, adding uncertainty by implying it ‘might not ever’, referencing the advent of self-driving vehicles in the country.
William Blair continues to give Tesla a Market Perform rating after testing the company’s robotaxi service in Austin. This was following the public launch in September, where it was demonstrated that the robotaxi service was about half the price of Uber (UBER), showing its potential to attract significant market slice.
Li Auto (LI) faced a downgrade from Macquarie analyst Eugene Hsiao to Underperform from Neutral, due to intensifying competition. Eunice Lee from Bernstein mirrored this sentiment, also downgrading Li Auto to Market Perform from Outperform. Both analysts identified a rise in competition in the premium electric SUVs market and challenges in the congested battery electric vehicle market as aspects pressuring the company’s outlook.
Enphase Energy (ENPH) received an upgrade from Jefferies, moving from Underperform to Hold. This followed recent Treasury guidance which Jefferies considered positive for the residential solar industry. Despite the stock rising by approximately 10%, the firm interprets a market disconnect; an outlook which could spark further industry conversation.
The post Trump Proposes Biggest Scam With Solar Power and Windmills appeared first on Real News Now.
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