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Trump's Election Win Sends Renewable Energy Stocks Plummeting

Short sellers profited $1.3 billion as market anticipates rollback of Biden's climate policies.

Overview

  • Clean energy stocks suffered significant losses following Donald Trump's presidential election victory, with key ETFs dropping sharply.
  • Short sellers betting against renewable energy stocks have gained approximately $1.3 billion since Trump's win.
  • Trump's anticipated rollbacks of Biden's climate initiatives, including subsidies for solar and wind projects, have fueled investor concerns.
  • The oil and gas sector is expected to benefit from Trump's policies, with oil stocks rising post-election.
  • Despite past market trends, experts suggest that interest rates and economic factors, rather than political rhetoric, will influence the renewable sector's future performance.

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