Several solar stocks including First Solar (FSLR) and Enphase Energy (ENPH) slumped in early trading Wednesday after t🥂he presidential election was called 𝔉in favor of former President Donald Trump.

SunRun (RUN), Plug Power (PLUG), and SolarEdge Technologies (SEDG) shares also declined, with the Invesco Solar (TAN) 澳洲幸运5官方开奖结果体彩网:exchange-traded fund (ETF) down nearly 11%.

The Associated Press called the race in favor of Trump early Wednesday morning after a win in Wisconsin put the Republican candidate over the 270 electoral vote threshold.

In the 16-page campaign platform listed on Trump's website, positions on energy policies include increasing oil, natural gas, and coal production, while reversing Biden administration policies favoring renewable energy.

Trump's ability to reverse legislation like the 澳洲幸运5官方开奖结果体彩网:Inflation Reduction Act, which 澳洲幸运5官方开奖结果体彩网:studies have shown has accelerated the reduction of carbon dioxide emissions, will hinge on how Republicans fare in the remaining races yet to be decided in the House of Representatives. The party has secured a slight majority in the Senate, per the races already called by the AP.