Geopolitics Alpha

Trump Declares Wind Turbine Imports a National Security Threat

Published . Updated .

Key takeaways

  • Exposed: TAN, ICLN, FSLR, NEE, ENPH
  • Market reaction: TAN +2.7% on the day (still updating); ICLN +2.2% on the day (still updating); ENPH +8.6% on the day (still updating)

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GEOPOLITICS ALPHATrump Declares Wind TurbineImports a National Security ThreatGEOPOLITICS ALPHA

This report is about clean energy.

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 “wind turbine” (clean energy) in this story.

  • ICLN iShares Global Clean Energy ETF-6.7% 19d

    iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “wind turbine” (clean energy) in this story.

  • FSLR First Solar-9.2% 30d

    First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story.

  • NEE NextEra Energy+4.9% 30d

    NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story.

  • ENPH Enphase Energy-23.9% 30d

    Enphase Energy (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story.

  • BEP Brookfield Renewable Partners L.P-0.5% 13d

    Brookfield Renewable Partners L.P (electric services): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TAN-0.12%-2.15%base+2.72%after closeafter closeafter close
ICLN+0.95%-0.16%base+2.20%after closeafter closeafter close
FSLR-3.49%-2.89%base+2.69%after closeafter closeafter close
NEE-3.09%-3.43%base-0.63%after closeafter closeafter close
ENPH+6.35%-7.55%base+8.57%after closeafter closeafter close
BEP-2.52%-3.25%base+0.68%after closeafter closeafter 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.

Trump Declares Wind Turbine Imports a National Security Threat Legis1

Source: Legis1

The price since 3 Nov 2026: Invesco Solar Etf (TAN) versus the S&P 500

CompanyWhenMoveStatus
Brookfield Renewable Partners L.P (BEP)that day+0.68%still updating
Brookfield Renewable Partners L.P (BEP)three days earlier-3.25%final price
Brookfield Renewable Partners L.P (BEP)five days earlier-2.52%final price
Enphase Energy (ENPH)that day+8.57%still updating
Enphase Energy (ENPH)three days earlier-7.55%final price
Enphase Energy (ENPH)five days earlier+6.35%final price
First Solar (FSLR)that day+2.69%still updating
First Solar (FSLR)three days earlier-2.89%final price
First Solar (FSLR)five days earlier-3.49%final price
Ishares Tr (ICLN)that day+2.20%still updating
Ishares Tr (ICLN)three days earlier-0.16%final price
Ishares Tr (ICLN)five days earlier+0.95%final price
Nextera Energy (NEE)that day-0.63%still updating
Nextera Energy (NEE)three days earlier-3.43%final price
Nextera Energy (NEE)five days earlier-3.09%final price
Invesco Solar Etf (TAN)that day+2.72%still updating
Invesco Solar Etf (TAN)three days earlier-2.15%final price
Invesco Solar Etf (TAN)five days earlier-0.12%final price

Congressional trades in the stocks in this story

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 mentioned with this story

  • TAN Invesco Solar Etf

    For “Trump Declares Wind Turbine Imports a National Security Threat,” 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 “wind turbine” (clean energy) in this story

  • ICLN Ishares Tr

    Ishares Tr (ICLN) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump Declares Wind Turbine Imports a National Security Threat.” Reason on file: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “wind turbine” (clean energy) in this story

  • FSLR First Solar

    In “Trump Declares Wind Turbine Imports a National Security Threat,” First Solar (FSLR) is linked, with no stored direction, medium confidence. Reason on file: First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story

  • NEE Nextera Energy

    Nextera Energy (NEE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump Declares Wind Turbine Imports a National Security Threat.” Reason on file: NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story

  • ENPH Enphase Energy

    For “Trump Declares Wind Turbine Imports a National Security Threat,” 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 “wind turbine” (clean energy) in this story

  • BEP Brookfield Renewable Partners L.P

    Brookfield Renewable Partners L.P (BEP) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump Declares Wind Turbine Imports a National Security Threat.” Reason on file: Brookfield Renewable Partners L.P (electric services): clean-energy firms move with renewables policy and demand. Linked by “wind turbine” (clean energy) in this story

Invesco Solar Etf (TAN)

On 3 Nov 2026, “Trump Declares Wind Turbine Imports a National Security Threat” is the story that connects Invesco Solar Etf (TAN) to this story.

Invesco Solar Etf (TAN) is on the page because Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “wind turbine” (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 “wind turbine” (clean energy) in this story

Dates in the story, and the Invesco Solar Etf (TAN) price range

FSLR traded between 165.97 and 187.68 across 20 sessions. The latest close on file is 182.21. ICLN traded between 16.21 and 17.62 across 18 sessions. The latest close on file is 16.27. 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

“Trump Declares Wind Turbine Imports a National Security Threat” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.