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Clean energy groups Neste, Nel slump as Trump wins presidency



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** Shares in Finnish biofuel maker Neste NESTE.HE and Norwegian hydrogen solutions provider Nel NEL.OL slump 8%-10% after Donald Trump won in the 2024 U.S presidential election

** RBC says it sees heightened risk and potential for weakening sentiment towards Neste, Nel and nucera NCH2.DE, with Trump win now finalised

** "At very high level, higher tariffs means Neste's renewable diesel produced out of Singapore as well as electrolysers manufactured by Nel in Norway and nucera in Europe and Asia could suffer demand destruction," the broker says

** Neste stock hits its lowest level since October 2017 and is among bottom movers the pan-European STOXX 600 .STOXX index



Reporting by Elviira Luoma

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