Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
President Donald Trump has never hidden his antipathy for clean energy, solar and wind investments, but what's happening in U.S. markets since April is delivering results that few, even his fiercest critics, saw coming.
From the market's April 4 bottom through Sept. 25, no industry has posted more substantial gains than clean energy.
The Invesco WilderHill Clean Energy ETF (NYSE: PBW) has surged 118%, beating out tech, artificial intelligence stocks and even the gold miners that are on top of the 2025’s leaderboard.
Notably, the performance of renewable stocks has even outperformed Nvidia Corp. (NASDAQ: NVDA), which has rallied 85% since April’s lows.
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
During this period, Trump has continued his attacks on renewables.
On Aug. 20 he posted on Truth Social: "Any state that has built and relied on windmills and solar for power is seeing record-breaking increases in electricity and energy costs. The scam of the century! We will not approve wind or solar projects that harm farmers. The days of stupidity are over in the USA."
Just days ago, during his Sept. 23 address to the United Nations General Assembly, Trump called climate change a "scam" and said the concept of a "carbon footprint" is a "con job."
Despite that rhetoric, investors are flocking to renewable energy names.
The Clean Energy Stocks Trump Can't Ignore
Several companies in the renewable and battery storage space have seen their share prices skyrocket since early April:
Amprius Technologies (NYSE: AMPX), which develops advanced silicon-anode batteries, is up 359%.
Bloom Energy Corp. (NYSE: BE), a fuel cell technology company, has soared 302%.
MP Materials Corp. (NYSE: MP), the largest U.S. producer of rare earth materials crucial for EV motors and wind turbines, has jumped 251%.
QuantumScape Corp. (NYSE: QS), working on solid-state batteries, has gained 231%.
Eos Energy Enterprises Inc. (NASDAQ: EOSE), a grid-scale battery maker, has rallied 177%.
Lithium Americas Corp. (NYSE: LAC), a lithium developer tied to the U.S. supply chain, has advanced 164%.
See Also: An EA Co-Founder Shapes This VC Backed Marketplace—Now You Can Invest in Gaming's Next Big Platform
Analysts Flag Opportunity — And Risk
Bank of America analyst Dimple Gosai recently stated that Bloom Energy's technology is real and useful, citing a case where its fuel cells powered Oracle Corp. within 90 days after grid delays.
[SRC] https://finance.yahoo.com/news/trump-never-expected-most-hated-233412317.html
