Clean energy stocks rally 130% despite Trump-era subsidy cuts, driven by AI power demand and high oil prices.

Clean energy stocks, tracked by the Invesco WilderHill Clean Energy ETF, have surged 130% since the 2026 inauguration despite the Trump administration's rollback of Biden-era clean energy subsidies. The rally is fueled by rising demand for electricity from AI data centers and elevated oil prices near $100 a barrel, which make renewable energy more competitive. Companies like Bloom Energy and Navitas Semiconductor have seen massive gains as their technologies support the AI-driven power infrastructure. The sector faces uncertainty in 2027 when tax credits expire, but so far, market momentum favors electrification over fossil fuels.