Global marketsUpdated November 5

Clean-energy and EV shares rally as oil and AI-energy names face pressure.

The election changed the market’s expectations, and clean-energy companies were among the beneficiaries. First Solar and Sunrun each rose around 8%; wind companies Ørsted and Vestas, and EV makers Lucid and Rivian, also rallied. The Financial Times described Ørsted as among the main gainers amid the clearer political backdrop, after two years of hostility from the Trump administration. But the moves weren’t all upward: Chevron and ExxonMobil fell amid the prospect of lower oil prices if Democrats push for a quicker end to the war in Iran. The possibility that new state and local Democratic leaders could restrict data-center development also weighed on Bloom Energy and GE Vernova, which benefit from AI-related power demand.

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Coverage started November 5