Solar stocks fell in premarket trading after projections showed Donald Trump won the U.S. presidency. Trump’s platform calls for repealing the Inflation Reduction Act, a policy that spurred significant growth in the U.S. solar industry by offering tax credits for clean energy investments. First Solar dropped, Sunrun, Sunnova, Enphase, and Nextracker plunged by double-digits. The Invesco Solar ETF lost over 11% in premarket trading. Trump calls the IRA a Socialist Green New Deal, highlighting its controversial role in climate policy.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Solar stocks fell in pre-market trading after rejections showed Donald Trump won the U.S.
00:06presidency. Trump's platform calls for repealing the Inflation Reduction Act, a policy that spurred
00:12significant growth in the U.S. solar industry by offering tax credits for clean energy investments.
00:18First solar dropped, Sunrun, Sunova, Enphase, and Nextracker plunged by double digits.
00:25The Invesco Solar ETF lost over 11% in pre-market trading. Trump calls the IRA
00:32a socialist Green New Deal, highlighting its controversial role in climate policy.