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Article Summary
- Trump's win has resulted in a windfall for funds that are shorting the energy transition
- Short sellers are making significant profits as a result of Trump's energy policies
- The Trump administration's focus on traditional energy sources has led to increased investment in oil and gas companies
- Despite the push for renewable energy, short sellers are betting against the energy transition
- The article discusses how short sellers are capitalizing on the current political climate Tone: Neutral
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Trump Win Brings Windfall For Funds Shorting The Energy Transition
Hedge funds betting against transition-related stocks have made a combined $ 1.2 billion this week following the news that the next president of the United States will be Donald Trump. Citing data from Breakout Point, the Financial Times reported that the outcome of the U.S. vote prompted a stock price plunge across transition industries such as solar, wind, hydrogen, and EVs. The stock plunge aff...
https://oilprice.com/Latest-Energy-News/World-News...
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