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Solar stocks rise on report Trump considering carbon tax to raise revenue

Published 04/04/2017, 12:59 PM
© Reuters.  Solar stocks rise on report Trump considering carbon tax to raise revenue
  • First Solar (FSLR +2.7%) and other solar stocks pop higher following a Washington Post article saying the Trump administration is seriously considering a carbon tax among possible ways of increasing revenue as earlier talk of a border adjustment tax faces political challenges.
  • The White House also is looking at a value-added tax as part of a broader tax reform as the next major battleground for implementing its agenda.
  • A carbon tax and value-added tax long have been favored among economists as revenue raising tools but have drawn skepticism from Republicans.
  • Other solar stocks are mostly higher: SPWR +4.3%, CSIQ +2.3%, YGE +18%, JKS +1.1%, SOL +7.5%, ENPH +0.7%, JASO +0.6%, RGSE +1.4%, RUN -0.5%.
  • ETFs: XLE, XLU, TAN, VDE, ERX, OIH, UTG, IDU, VPU, ERY, DIG, DUG, BGR, GUT, IYE, BUI, FENY, FIF, PXJ, RYE, FUTY, RYU, UPW, DDG, FXN, FXU, CRAK


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