Renewable Energy Stocks Plunge Amid Trump Election Concerns

Following Donald Trump's election victory, there was a sell-off in solar and wind stocks, despite a broader market rally. Analysts suggest this reaction may be overblown, as the Inflation Reduction Act, which supports renewables, is unlikely to be repealed. Some clean energy stocks, like First Solar and NextEra Energy, are seen as potential bargains. Structural drivers, such as technological advancements and state policies, are expected to sustain the energy transition regardless of political shifts.