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.
