"If Harris wins, so could renewable energy." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance Yesterday I revealed my top trade idea for a Donald Trump victory. But what if Kamala Harris wins? Here's one of my top watchlist picks if the democrats retain office in 2025. Keep in mind… this is a "perception trade." Meaning it's based on what people THINK will happen if a certain political party wins. However, this might not be the reality. So be sure to position size according to your risk tolerance. Now let's get to the pick. The stock I'm watching in the event of a Kamala Harris win is SolarEdge (SEDG). Democrat Victory Trade Idea: SolarEdge Since taking office in 2021, the Democratic administration has invested more than a trillion dollars in the clean energy economy. The U.S. was re-admitted back into the Paris Climate Agreement in 2021. And since each country is due to submit an updated climate action plan in 2025, this could mean billions of dollars going back into renewable energy initiatives. Also, democrats recently secured $1 billion to improve project permitting and environmental reviews to fast-track infrastructure. So this will help renewable energy companies get their projects completed faster. All of those developments are a big reason Solar Edge (SEDG) is a top company on my watchlist. This renewable energy group provides optimized inverter systems to regulate the flow of electrical power. Every solar system needs inverters, and Solar Edge provides those products. |
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