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President-elect Trump has previously slammed Biden's signature Inflation Reduction Act. But pressure from GOP lawmakers, whose districts have benefited from clean energy investments, suggests the law is more likely to be stripped down than repealed.

Alternative energy stocks tumbled Wednesday after Donald Trump was declared the winner of the U.S. presidential election over Vice President Kamala Harris.

The Invesco Solar ETF (TAN) is down 28% since the start of 2024 amid a difficult year for solar. Investors are worried about the election and interest rates.