The early verdicts have arrived: Investors are confident the Democrats' climate deal will translate into expanded real-world deployment of low-carbon energy.
And the bill is unlikely to end volatility in the clean energy sector, where companies are grappling with input cost fluctuations and other variables.
"Republicans are expected to take back control of Congress this fall, so it’s important to remember that policy uncertainty contributes to their volatility and that’s unlikely to change over the next few years," DataTrek Research's Jessica RabeThe CEO of wind turbine maker Vestas said this morning that the bill is "very supportive of renewable energy in the United States over the next ten years," should it pass the House, which is expected to take up the bill on Friday,A...
On solar specifically, the bill's announcement was a "welcome surprise for investors who by that point had become less confident on climate-related policy support being passed this year," Goldman's note states.
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