Reported 17 days ago
Following Donald Trump's election victory, renewable energy stocks experienced a significant selloff, yielding a $1.3 billion gain for short sellers. Major companies like Plug Power, SolarEdge, and First Solar saw sharp declines, leading to increased short positions, particularly in the US solar sector. In Europe, additional renewable stocks also suffered similar downturns, contributing to a paper profit of $440 million for short sellers in that market.
Source: YAHOO