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Clean Energy Shares Hardly Move As Trump Pulls Out of Paris Deal


BLOOMBERG — Solar stocks barely budged after the announcement Thursday. The Bloomberg Intelligence Global Large Solar Energy Valuation index of 16 companies gained 0.8 percent at the close in New York.

JinkoSolar Holding Co., the world’s biggest panel producer, climbed 2.7 percent, and that was one of the bigger swings.

Canadian Solar Inc., the top North American supplier, gained 0.8 percent, and U.S. rival SunPower Corp. rose 1.5 percent. Seoul-based Hanwha Q Cells Co. posted one of the larger losses, and that was just 2.1 percent.

The muted response is a sign that investors expect demand for clean energy will continue to grow, in the U.S and around the world.

“Trying to make a short trade on a long-term trend is risky,” SunPower Chief Executive Officer Tom Werner said in an interview Thursday.

The reaction followed a more volatile Wednesday, suggesting that investors have already moved beyond their gut reactions, said Joseph Osha, a