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Clean-energy companies climb as Democrats sweep Congress

By Reuters News

** Shares of US clean energy companies rise premarket as Democrats seize control of the Senate and House of Representatives in midterm elections

** Solar power cos: First Solar FSLR.O up 7.1%, SolarEdge Technologies SEDG.O rises 4%, Sunrun RUN.O up 8.3%

** US fuel cell makers: Bloom Energy BE.N up 7.6%, Plug Power PLUG.O rises 8.6% and FuelCell Energy FCEL.O gains 5.5%

** The Trump administration's signature tax and spending package has repealed or curtailed Biden-era incentives, with other administration actions also aimed at reducing federal support for renewable energy and electric vehicles

** A strong Democratic showing has reinforced expectations of better support for clean-energy development

** Invesco solar ETF is down 11.8% so far this year, although fuel cell makers have rallied helped by strong demand from US hyperscalers racing to build AI data centers

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