Solar stocks have fallen since Donald Trump’s election, but Sunnova CEO John Berger says the market misjudged the industry’s strength under the new administration.


Solar shares fall, market ‘wildly emotional’ about Trump – pv magazine International

Image: Dylan Calluy, Unsplash

From pv magazine usa

Solar energy stocks fell On the trading day following the re-election of Donald Trump as president of the United States.

Invesco Solar ETF (TAN) fell 11%, while leading U.S. producer First Solar fell 12%. Inverter makers Enphase and SolarEdge each lost nearly 19 percent of their value, while residential solar installer Sunrun lost 26 percent and rival Sunnova lost more than 50 percent.

Utility-scale solar tracker maker Nextracer fell about 6.5%, while rival Array Technologies fell about 20%. The solar stock market continued to decline overall following the 2024 election results.

John Berger, chairman, president and chief executive officer of residential solar and battery energy storage provider Sunnova, joined CNBC for “Closing Bell Overtime” to discuss market results that he believes are out of touch with reality.

“The market is extremely emotional and out of control with a lot of speculation,” Berger said.

Sunnova first went public under the Trump administration and reached an all-time high share price of $54 per share during that administration. Since then, High interest rates and regulatory challenges slow growthHowever, the steady increase in electricity prices and increasing demand for electricity keep the fundamentals of residential solar strong.

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