Trump's victory has renewed worries among traders that the incoming administration will weaken support for the solar industry, as well as other forms of low-carbon energy. Sunnova Energy NASDAQNOVA -22%, JinkoSolar NYSEJKS -16% and SolarEdge Technologies NASDAQSEDG -15% led the bloodbath as traders digested Trump's historic win and re-election as the 47th President of the U.S.
Elon Musk. The auto industry has already announced more than $100 billion in EV investments, creating more than 100,000 American jobs. has jumped nearly 20% since Wednesday, with Bank of America saying Trump's plan to relax environmental rules will likely provide an incentive to other automakers to slow down their EV ramps even further.
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