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Investors Sour on Green Wave as Democrats' Hope for Senate Fades
Bloomberg: Wall Street’s confidence that the U.S. election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate, casting doubts over whether Joe Biden could pursue his climate agenda even if he wins the White House.
As a picture slowly emerged Wednesday of Democrats positioned to potentially take the White House but not Congress, renewables stocks including JinkoSolar Holding Co. and First Solar Inc. slumped. Oil and gas companies rallied, led by Concho Resources Inc. and ConocoPhillips.
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