In the case of renewable energy stocks, the election of Donald Trump four years ago brought with it higher costs through tariffs, less favorable policies by electricity regulators, and help for competing energy sources like coal. As we look ahead to the upcoming election, there could be some big changes in store for renewable energy no matter who wins.
First, every single stock market correction in history has eventually (key word!) been erased by a bull market rally. Secondly, we are firmly in a new bull market. In other words, it pays to own innovative, high-quality businesses, because unlike bear markets, bull markets are almost always measured in years, not months.
Each of these companies has serious potential to bring profits to investors, especially those with long time horizons.