Donald Trump’s election victory hit renewable energy stocks hard, thanks to concerns about how his policies might impact the sector.
President-elect Trump has pledged to end offshore wind in the U.S. on “day one,” and to stop doling out subsidies under President Biden’s Inflation Reduction Act (IRA), designed to boost renewables across the U.S. His campaign has also said he will take the U.S. out of the Paris Agreement on climate change.
