Here’s Why Apple, Walgreens, SunPower, and More Are in the Spotlight

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JinkoSolar Holding Co., Ltd. (NYSE:JKS), First Solar, Inc. (NASDAQ:FSLR), and SunPower Corporation (NASDAQ:SPWR) are deep in the red today after Donald Trump successfully flipped several key Midwestern states to become the 45th President of the United States, while the Republicans also maintained control of both the Senate and the House. Given that Trump hasn’t really bought into global warming (as is customary with Republicans) and is friendly to the oil and gas industry, many traders are afraid that the currently hospitable environment for renewable energy will head south, and an already bad oversupply situation in the industry will become even worse.

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Of the 749 funds that we track which filed 13Fs for the June quarter, the smart money liked First Solar, Inc. (NASDAQ:FSLR) the most, with 30 funds reporting holding stakes in it as of the end of the second quarter. Meanwhile 19 funds were long SunPower Corporation (NASDAQ:SPWR) at the end of June, while just four were shareholders of JinkoSolar Holding Co., Ltd. (NYSE:JKS).

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Disclosure: None

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