Solar, Clean Energy Stocks Hammered After Trump's White House Victory

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Clean Energy,Trump,Elections

Solar and clean energy stocks sold off heavily on Wednesday after Donald Trump defeated Kamala Harris to clinch leadership of the White House.

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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