Investors running bets against renewable energy stocks have racked up profits of more than $1.2bn from the heavy sell-off that swept the sector in the wake of Donald Trump’s US presidential election victory.
Arrowstreet Capital and Qube Research & Technologies were among firms that had built up short positions against companies such as Norwegian hydrogen firm Nel and German wind turbine manufacturer Nordex, according to data group Breakout Point.
Clean energy shares have tumbled on fears US president-elect will scrap subsidies and tax breakshttps://t.co/1KsXIcX6yR pic.twitter.com/32yBpVJLx4
— Bjorn Lomborg (@BjornLomborg) November 8, 2024
