
As we approach the November 2024 elections, Vice President Kamala Harris's strong debate performance against former POTUS Donald Trump has reignited interest in clean energy stocks. Following the debate, the Invesco Solar ETF (TAN), a popular exchange-traded fund (ETF) tracking the solar industry, jumped more than 6% on Sept. 11.
And beyond potential short-term election catalysts for opportunistic traders, these names could offer longer-term upside for investors, too. Analysts expect the clean energy transition to continue regardless of the election outcome, thanks to surging artificial intelligence (AI)-fueled energy demand and tax incentives that are set in place for years to come - not to mention Trump making a point to say, “I'm a big fan of solar” during his debate with Harris.