Investing.com — Shares in US wind energy names, including GE Vernova (NYSE:GEV), fell in premarket trading on Wednesday after comments from President-elect Donald Trump indicating his opposition to the construction of new windmills in the United States.
The industry reaction was swift, with notable wind energy players like TPI Composites (NASDAQ:) and American Superconductor (NASDAQ:) Group also experiencing premarket losses of 2.9% and 2.8%, respectively.
Adam Crisafulli, founder of Vital Knowledge, highlighted the impact of the political stance on the market, stating, “Wind-linked stocks are lagging on the Trump windmill remarks.”
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