Featured in Connected to quality – 04-2020

Covid-19 and oil supply shock

In the last edition, we were concerned about the looming outbreak of Covid-19, but we never imagined it would decapitate global economies, while the Saudis devastated the U.S. fossil fuels industry.

By

pv magazine

06 Apr 2020

Source: Roth Capital Partners

As we write this note, U.S. Congress is voting on a $2 trillion virus aid package that may include the extension of the ITC and other carbon-reduction measures.In March, the S&P 500 and Dow dropped significantly, by 22.0% and 24.5%, respectively. The Guggenheim Solar ETF (TAN) decreased 37.6% and the U.S. solar market saw the …

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