3 Renewable Energy Stocks to Sell Ahead of a Trump-Vance Win

Core Viewpoint - The renewable energy sector, particularly in the U.S., faces potential instability due to political changes and macroeconomic factors, including high interest rates and the possibility of a Trump presidency, which could negatively impact companies like Tesla, First Solar, and Freyr Battery [2][4][10][13]. Group 1: Tesla (TSLA) - Tesla is significantly impacted by political dynamics, particularly with the potential return of Trump, who has criticized electric vehicles and proposed ending EV mandates [4][15]. - Elon Musk's endorsement of Trump and the selection of J.D. Vance as VP could lead to unfavorable policies for Tesla, especially regarding gas-powered car subsidies [5][15]. - Tesla operates not only in electric vehicles but also in renewable energy through products like Powerwall and its supercharging network [14]. Group 2: First Solar (FSLR) - First Solar has shifted its focus solely to solar panel manufacturing after exiting other operations, which increases its vulnerability to political changes [7][8]. - The company has performed well in a challenging market, with its stock rallying while the Invesco Solar ETF has declined over 20% year-to-date [17]. - First Solar's focus on high-efficiency panels has positioned it favorably under the current administration, but a Trump presidency could jeopardize solar subsidies, impacting its operations [18][8]. Group 3: Freyr Battery (FREY) - Freyr Battery is in a development stage, focusing on battery storage projects but has not achieved significant commercial success, generating no revenues in the latest quarter [20][21]. - The company reported a quarterly loss of 20 cents per share, raising concerns about its financial sustainability as it may deplete its market capitalization over the next year or two [21]. - Freyr's strategy to concentrate on U.S.-based manufacturing could yield positive results if the Democrats retain control, but risks exist if Trump returns to power and cuts renewable energy subsidies [10].