Clean Energy shares surge 20.05% after-hours as court rules Trump-era grant cancellations unlawful.

Clean Energy surged 20.05% in after-hours trading following a federal court ruling that the Trump administration unlawfully canceled $7.56 billion in clean energy grants based on states’ political affiliations. The U.S. District Court for the District of Columbia found the terminations violated the Fifth Amendment’s equal protection clause, vacating decisions that disproportionately affected projects in states opposing the administration. This legal reversal is expected to restore funding for initiatives like electric vehicle infrastructure and renewable energy programs, directly benefiting Clean Energy’s core operations. While broader trends in global clean energy investment and Palmetto’s strategic hires were noted, the immediate catalyst was the reinstatement of critical federal.