Trump's Win Fuels Hedge Fund Gains as Renewable Stocks Plummet

Hedge funds have profited over $1.2 billion from shorting renewable energy stocks following Donald Trump's presidential election victory, which sparked fears of policy reversals on clean energy initiatives. Firms like Arrowstreet Capital and Qube Research & Technologies capitalized on the sell-off, with significant declines in companies such as Nel, Nordex, Plug Power, and Sunrun. Concerns center around Trump's potential termination of Biden's Inflation Reduction Act, which could halt tax credits and offshore wind development, impacting the renewable sector's growth.