U.S. stocks rose sharply, Biden’s green infrastructure plan will become an investment theme

        US President-elect Biden is about to take office. According to his statement during the previous campaign, Biden will return to the “Paris Agreement“ on the first day of taking office and spend US$2 trillion on clean energy infrastructure construction.

        Therefore, as Biden took office, most of the clean energy stocks rose one after another, especially the generally optimistic photovoltaic. As of the close on January 19, Eastern Time, JinkoSolar’s stock price closed at $63.39, a surge of 9.31%, Canadian Solar’s stock price closed at $55.03, a surge of 7.33%, and other US photovoltaic companies also rose by different degrees.

        Regarding the U.S. stock market after the new president takes office, many directors of U.S. index equity funds said that after Biden takes office, the photovoltaic industry and new energy vehicles will continue to maintain rapid development, and at the same time, companies will also achieve better balance the environment and development.

        As the country with the highest GDP in the world, even under the influence of the withdrawal of the Paris Agreement, the number of new photovoltaic installations in the United States has been ranked second in the world in recent years. Biden’s green infrastructure plan after taking office will definitely enable the photovoltaic industry to achieve greater development and will also attract the attention of many investors.

        It is worth mentioning that Tesla, the current popular new energy car company, also has a solar business under its umbrella, and its photovoltaic products are in short supply in some parts of the United States.

 The United States returns to the “Paris Agreement”, trillions of dollars in investment benefits photovoltaics

        Foreign media reported that the United States officially returned to the Paris Agreement on February 19 local time. This means that the country with the world’s highest GDP and 300 million people has returned to the team committed to global climate change.

        The Paris agreement was adopted at the 2015 Paris climate change conference and signed in New York in 2016. The United States was one of the first countries to join, but in 2019, the Trump administration announced its withdrawal from the Paris Agreement, becoming the first country to do so.

        With the return of the United States to the Paris Agreement, the $2 trillion clean energy infrastructure funding promised before Biden’s election is also expected to be implemented, which will greatly develop the global clean energy, especially the highly competitive photovoltaic.

        Currently, the United States has photovoltaic companies such as First Solar and SunPower, and their performance is very good. In addition, the well-known car company Tesla also has a photovoltaic business and has achieved considerable success. According to foreign media reports, Tesla’s solar roof and home energy wall have been in short supply in North America in the past two years.

        According to data, American technology companies are very welcome to clean energy. Companies such as Apple and Amazon have installed solar panels in their companies to provide power to the company. If policy support is added, the domestic clean energy market in the United States will certainly usher in an explosion, and photovoltaics will also become the focus of it.