US wind power companies down after Trump statement

Clearway Energy

08/01/2025 17:06

** Shares of U.S.-based wind power companies down following
President-elect Donald Trump's statement on Tuesday that he
would try to ensure that no windmills are built on his watch
    ** Trump has been critical of President Joe Biden's efforts
to boost the U.S. green technology sector through the Inflation
Reduction Act
    ** "Primary focuses for us from Trump as it relates to wind
include limited usage of Federal land for wind projects; adverse
changes to the IRA for wind, which could include the repowering
subsidies; and offshore wind construction and permitting of new
projects" - Jefferies
    ** Renewable energy companies - GE Vernova  GEV.N  down
2.6%, Plug Power  PLUG.O  falls 7.8% and Clearway Energy
 CWEN.N  down 2.5%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))