Data center stocks slide as Democrats win Congress, clean energy rallies
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Investors shifted positions across AI, clean energy, healthcare and defense stocks after Democrats won control of Congress.
Directly affected
- No company is named in this report.
Indirectly affected
- TAN Invesco Solar ETF-6.4% 30d
Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story.
- ICLN iShares Global Clean Energy ETF-4.1% 18d
iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.
- XLV Health Care Select Sector SPDR
Health Care Select Sector SPDR: it holds drugmakers and health companies. Linked by “healthcare” (pharma and health) in this story.
- FSLR First Solar-3.1% 30d
First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
- ENPH Enphase Energy-14.5% 30d
Enphase Energy (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
- MSFT Microsoft+4.0% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- GOOGL Alphabet-17.2% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TAN | -5.42% | -7.24% | base | +6.55% | after close | after close | after close |
| ICLN | -2.23% | -5.03% | base | +3.66% | after close | after close | after close |
| QQQ | +5.88% | +0.76% | base | +1.62% | after close | after close | after close |
| XLVNo price data for this ticker | — | — | — | — | — | — | — |
| FSLR | -5.09% | -6.15% | base | +7.15% | after close | after close | after close |
| ENPH | -17.88% | -15.68% | base | +6.28% | after close | after close | after close |
| MSFT | +2.19% | +0.22% | base | +6.13% | after close | after close | after close |
| GOOGL | +16.24% | -0.00% | base | +4.36% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Data center stocks slide as Democrats win Congress, clean energy rallies The Journal Record
Source: The Journal Record
How far Invesco Solar Etf (TAN) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Enphase Energy (ENPH) | that day | +6.28% | still updating |
| Enphase Energy (ENPH) | three days earlier | -15.68% | final price |
| Enphase Energy (ENPH) | five days earlier | -17.88% | final price |
| First Solar (FSLR) | that day | +7.15% | still updating |
| First Solar (FSLR) | three days earlier | -6.15% | final price |
| First Solar (FSLR) | five days earlier | -5.09% | final price |
| Alphabet (GOOGL) | that day | +4.36% | still updating |
| Alphabet (GOOGL) | three days earlier | -0.00% | final price |
| Alphabet (GOOGL) | five days earlier | +16.24% | final price |
| Ishares Tr (ICLN) | that day | +3.66% | still updating |
| Ishares Tr (ICLN) | three days earlier | -5.03% | final price |
| Ishares Tr (ICLN) | five days earlier | -2.23% | final price |
| Microsoft (MSFT) | that day | +6.13% | still updating |
| Microsoft (MSFT) | three days earlier | +0.22% | final price |
| Microsoft (MSFT) | five days earlier | +2.19% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +1.62% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +0.76% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +5.88% | final price |
| Invesco Solar Etf (TAN) | that day | +6.55% | still updating |
| Invesco Solar Etf (TAN) | three days earlier | -7.24% | final price |
| Invesco Solar Etf (TAN) | five days earlier | -5.42% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman bought First Solar (FSLR) (jointly held), worth $1,001 - $15,000 on 13 Aug 2026. That is 83 days before publication. Filed 11 Sep 2026. View the filing.
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 35 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 51 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 69 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 51 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Solar Etf (TAN)
Companies tied to this story
- TAN Invesco Solar Etf
For “Data center stocks slide as Democrats win Congress, clean energy rallies,” Invesco Solar Etf (TAN) is linked, with no stored direction, medium confidence. Reason on file: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
- ICLN Ishares Tr
In “Data center stocks slide as Democrats win Congress, clean energy rallies,” Ishares Tr (ICLN) is linked, with no stored direction, medium confidence. Reason on file: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
- QQQ Invesco Qqq Trust, Series 1
Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Data center stocks slide as Democrats win Congress, clean energy rallies.” Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
- FSLR First Solar
First Solar (FSLR) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Data center stocks slide as Democrats win Congress, clean energy rallies.” Reason on file: First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
- GOOGL Alphabet
For “Data center stocks slide as Democrats win Congress, clean energy rallies,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- ENPH Enphase Energy
In “Data center stocks slide as Democrats win Congress, clean energy rallies,” Enphase Energy (ENPH) is linked, with no stored direction, medium confidence. Reason on file: Enphase Energy (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
- MSFT Microsoft
Microsoft (MSFT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Data center stocks slide as Democrats win Congress, clean energy rallies.” Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- NEE Nextera Energy
For “Data center stocks slide as Democrats win Congress, clean energy rallies,” Nextera Energy (NEE) is linked, with no stored direction, medium confidence. Reason on file: NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
Invesco Solar Etf (TAN)
Invesco Solar Etf (TAN) is the company in “Data center stocks slide as Democrats win Congress, clean energy rallies,” the 4 Nov 2026 this story story.
What ties Invesco Solar Etf (TAN) to the headline is this: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
A second company, Ishares Tr (ICLN), is listed for a different reason: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
Price levels for Invesco Solar Etf (TAN)
ICLN traded between 16.21 and 17.62 across 18 sessions. The latest close on file is 16.27. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. TAN traded between 40.77 and 46.34 across 20 sessions. The latest close on file is 41.77.
How strong the case is around Invesco Solar Etf (TAN)
46 out of 100Price not final
“Data center stocks slide as Democrats win Congress, clean energy rallies” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.