The defeat of Hillary Clinton to Donald Trump in the 2016 U.S. presidential election has led to contrasting reactions within the energy sector, particularly regarding coal and solar stocks.
Trump's Energy Plans
Further, Trump favors open onshore and offshore leasing of federal lands, eliminating moratorium on coal leasing and open shale energy deposits.
Trump also intends to encourage the use of natural gas and other American energy resources. He believes these actions will cut emissions as well as bring energy prices down.
With a Trump win, policies of Clinton — including the Clean Energy Challenge, 140GW solar installation target — will now fail to materialize. Further, Clinton’s campaign was expected to provide up to $62 billion in additional subsidies for solar.
Further, Trump intends to cut federal spending on
Stocks On The Move
The following coal-related stocks are on the rise after Trump's win:
- Cloud Peak Energy Inc. NYSECLD gained 18.51 percent to $7.81.
On the other hand, the following solar stocks were in the red post-election results:
Image Credit: By Gage Skidmore from Peoria, AZ, United States of America (Hillary Clinton) [CC BY-SA 2.0], via
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