Donald Trump talks up solar panel plan for Mexico wall
Trump has told supporters that his proposed wall along the border with Mexico could have solar panels fixed to it. Addressing a rally in Iowa, he said the panels would provide cheap energy and help to pay for the controversial wall.
He suggested the plan was his own, saying: “Pretty good imagination, right? Good? My idea.”
Trump suggests solar panels to help pay for $20 billion border wall
President Trump took a further step back this week from his pledge to force Mexico to pay for the border wall, instead saying he is considering sticking solar panels on top of the fence and selling the energy to help fund the costs.
The proposal — which he said he came up with on his own and was revealing for the first time — is the latest in a long line of suggestions for covering a price tag that could easily top $20 billion.
Panel Makers Surge After Trump Proposes Solar on Border Wall
Shares of solar manufacturers rose sharply Thursday after President Donald Trump told supporters that mounting photovoltaic panels atop his proposed Mexican border wall would allow the project to pay for itself. SunPower Corp. jumped 13 percent to $8.69 at the close in New York, Canadian Solar climbed 7.7 percent and JinkoSolar Holding Co. rose 4.4 percent.
During a campaign-style rally on Wednesday evening in Cedar Rapids, Iowa, Trump publicly described for the first time the idea that a wall along the 1,990-mile (3,200 kilometer) Mexican border could double as a solar power plant.
Trump’s ‘Solar Wall’ Talk Boosts Green Energy Stocks
Shares of solar companies soared on Thursday and their options drew a rush of bullish activity a day after U.S. President Donald Trump broached the subject of placing solar-power panels on his proposed wall along the Mexican border.
First Solar’s (FSLR, +3.20%) shares rose 3.2% to $38.42 and SunPower (SPWR, +13.15%) shares were up 13% to $8.69. Shares of the Guggenheim Solar (TAN, +2.54%) fund rose 2.5% to $19.39.