New Energy
Clean Energy Shares Tumble as Panic Takes Hold on Trump Win
- Trump has blasted climate legislation and vowed tariffs
- Many Republican leaders have said they will protect green jobs
Attendees at an election watch party in Las Vegas on Nov. 6.
Photographer: Ronda Churchill/Getty ImagesThis article is for subscribers only.
Shares in clean energy companies plunged after a US election victory for Donald Trump, who has long criticized climate policies as the “green new scam” and has said he plans an array of tariffs that impact the industry.
The WilderHill Clean Energy Index dropped as much as 6.7%, the biggest intraday loss since early August. Solar firms were hit especially hard: Sunnova Energy International Inc. was down as much as 51%, First Solar Inc. fell as much as almost 20% and Sunrun Inc. was down as much as 29% in New York.