Investing.com – Shares of U.S. wind energy companies, including GE Vernova (NYSE:GEV), fell in premarket trading on Wednesday after President-elect Donald Trump’s comments signaled his opposition to building new windmills in the United States.
The industry response was swift, with prominent wind players such as TPI Composites (NASDAQ:) and American superconductor (NASDAQ:) The group also suffered pre-market losses of 2.9% and 2.8%, respectively.
Adam Crisafulli, founder of Vital Knowledge, highlighted the impact of political stances on the market, saying: “Wind stocks are lagging behind Trump’s windmill talk.”
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