U.S. President Donald Trump, who has put the brakes on the renewable energy industry, criticized win..

U.S. President Donald Trump, who has put the brakes on the renewable energy industry, criticized wind and solar power as a “fraud of the century” on his social networking service (SNS) on the 20th (local time).

OCI Holdings shares are trading at 90,500 won on the afternoon of the 25th, up 3.78% from the previous trading day. The figure fell 9.31% from the closing price of 99,800 won on the 20th (Korea Standard Time). OCI fell 1.5% on the 21st and plunged 11.29% on the 22nd.

OCI is developing its U.S. business through OCI Enterprises, a solar holding company. Mission Solar Energy is in charge of module production and OCI Energy is in charge of solar power development in the United States, and is promoting solar power plant projects centered on Texas.

CSWind, which entered the U.S. market by acquiring the largest wind tower plant in the U.S. in 2021, is also trading at 43,300 won, up 1.29% from the previous trading day. After plunging 6.79% on the 21st, it rose slightly by 0.59% on the 22nd.

Hanwha Solution, which is building the largest solar hub in the U.S., also rose 1.39% to 29,250 won. Hanwha Solution fell 1.01% on the 21st and 2.37% on the 22nd before turning upward.

Hanwha Solution invested 3.2 trillion won in Georgia, USA, to create a solar integrated complex with all the core solar value chains such as ingot, wafer, cell, and module. It can generate 8.4 GW of electricity annually and supply it to 1.3 million households.

On the 20th (local time), President Trump said on his social media Truth Social account, “All states that have relied on wind and solar power to generate electricity are experiencing a record surge in electricity and energy costs,” adding, “We will not approve Shaggy’s fraudulent wind power generation and solar power that ruins farmers.” The silly times are over,” he wrote.

U.S. solar stocks also jumped at President Trump’s hard-line remarks. First Solar plunged -6.99% and then rebounded 5.35% the next day, while SolarEdge Technologies also soared 13.54% the next day after falling 5.77% as well.

The stock market believes that concerns about the pro-exchange race are excessive. Lee Jin-ho, a researcher at Mirae Asset Securities, said, “The Trump administration may delay the approval of renewable energy projects, but no solar projects were canceled due to this.”