Plug Power Inc (NASDAQ:PLUG) shares are trading lower by 23.6% to $1.92 Wednesday afternoon amid weakness in clean energy-related stocks following Donald Trump's election victory.

Investors are concerned that a Trump administration could roll back key incentives and regulatory support for the clean energy sector.

What To Know: Trump's energy platform centers around reducing federal support for renewable energy and boosting fossil fuel industries. A key concern for Plug Power's investors is Trump's commitment to rolling back green energy tax credits, such as the federal tax incentives supporting hydrogen fuel infrastructure and production.

Without this federal backing, Plug Power's growth prospects in the U.S. could face serious challenges, as tax credits have played a vital role in helping the company make hydrogen fuel cells more affordable for industries looking to adopt clean energy alternatives.

Plug Power's international supply chain could also be impacted by Trump's proposed tariffs on imports, especially given the company's reliance on components sourced from Asia.

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What Else: The market is also concerned about Trump's potential rollbacks of environmental regulations that support emissions reduction and clean energy initiatives.

During his prior administration, Trump pulled the U.S. out of the Paris Climate Agreement and rolled back numerous emissions regulations, which could signal further reductions in renewable energy support.

This change could slow demand for hydrogen fuel technologies in sectors such as transportation and industrial energy, where Plug Power has focused much of its growth strategy.

For Plug Power, whose business relies heavily on a supportive policy environment for green energy, the prospect of a less favorable regulatory landscape under Trump could create significant headwinds.

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Should I Sell My PLUG Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Plug Power have lost 68.02% year to date. This compares to the average annual return of -60.52%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

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PLUG has a 52-week high of $6.32 and a 52-week low of $1.60.