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AI power stocks slide, solar firms shine as Democrats win Congress

By Reuters News

** Shares of data center-linked power cos fall as Democrats seize control of the Senate and House of Representatives in midterm elections

** Constellation Energy falls 7.7%, Bloom Energy BE.N down 6.5% and Vistra VST.N loses 14%

** Solar power cos rise: First Solar FSLR.O up 18.2%, Nextpower O> gains 11.4%

** Solar stocks are holding up well as the Democrats favor clean energy while broader concerns around the AI buildout are weighing on data center-linked stocks, says Dennis Dick, Triple D Trading Inc

** "You see something like First Solar doing well, but Constellation Energy, Vistra and Bloom Energy are all getting hammered. And again, this is because of concerns going forward that the AI trade may get some speed bumps," he adds

** Including session moves, the Invesco solar ETF is down about 6% so far this year

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