The president-elect's focus on fossil fuels and low regard for renewables could bring disruption to the energy space
Donald Trump made energy a central part of his presidential campaign. While it is still too early know exactly how the president-elect will proceed when he takes office in January, some clear winners and losers emerge if his platform is taken at face value. Trump has promised unbridled fossil fuel production — " drill, baby, drill " — vowing to fight inflation by reducing energy costs.
mountain Sunnova in the past five days Jefferies also expects a stock drop for NextEra Energy , the largest renewable developer in the U.S. The company, however, is also exposed to the data center and power demand trend, which is likely to continue. "The question will be if there is a 'buy the dip' phenomena as there could be the 'going out of business' pull forward of demand like under the 2016 Trump administration," Jefferies analyst Julien Dumoulin-Smith wrote.
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