Renewable energy stocks, including Sunrun Inc. which fell 7.8%, declined after President Donald Trump announced his administration would not approve new solar or wind power projects. Trump stated on his social media platform, Truth Social, "We will not approve wind or farmer destroying Solar," adding, "The days of stupidity are over in the USA!!!"
This statement from the President signals a strong policy stance against future renewable energy development, creating significant regulatory uncertainty for the sector. The potential halt to new project approvals could severely limit market expansion opportunities for Sunrun and other clean energy companies.
The announcement comes as AI data centers are driving up energy demand, making the policy implications particularly impactful for the energy sector. This executive stance creates a challenging environment for companies relying on continued growth in solar and wind installations.
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