As the nation readies for President-Elect Donald Trump to sit in the Oval Office for the next four years, specific areas of the stock market are adjusting to the new reality-- in particular the energy stocks.

Given that the billionaire businessman has said global warming is a hoax created by the Chinese, renewable energy stocks were retreating during the trading session Wednesday morning.

Home solar power companies were under pressure. Sunrun (RUN) - Get Report was down by 7.4%, Vivint Solar (VSLR) - Get Report fell by 8.5%. SunPower (SPWR) - Get Report shares were tanking, dropping by 14.7%, while First Solar (FSLR) - Get Report stock fell by 4.5%. China-based companies, JA Solar Holdings (JASO) and Trina Solar (TSL) slipped by 4.6% and 2.3%, respectively.

"President-elect Trump has said that America should focus on developing its fossil fuel reserves to achieve energy independence, which may lead to withdrawing the BLM rule, now in litigation, purporting to regulate hydraulic fracturing on federal lands. As well, President-elect Trump has expressed a more favorable attitude towards energy projects such as the Keystone Pipeline," said - Steven L. Leifer, Washington D.C. based Partner & Firmwide

Environmental Department Chair at law Firm Baker, Boots, said in a statement. 

Even SolarCity (SCTY) , which is in the process of completing its merger with Tesla Motors (TSLA) - Get Report , was down by 6%.

Further insight on the energy stock can be seen in the exchange-traded funds. The Guggenheim Solar ETF (TAN) - Get Report was down by approximately 5.5%, while the Energy Selector Sector SPDR ETF (XLE) - Get Report was up 0.6%.

Analysts with RBC Capital Market's Global Equity Team say, "A Trump presidency would increase the odds that the point of obligation of the Renewable Fuel Standard would be changed." They also think this will benefit merchant refiners, including Calumet Specialty Products Partners (CLMT) - Get Report , Delek US Holdings (DK) - Get Report , HollyFrontier (HFC) - Get Report , PBF Energy (PBF) - Get Report , and Valero Energy (VLO) - Get Report .

Furthermore, the RBC analysts note that Trump is in favor of the Keystone XL pipeline and will look to expand domestic production of oil, gas and coal, in addition to lifting moratoriums on energy production on federal lands.

"From a sentiment perspective, a Donald Trump victory could be positive for energy stocks (including Midstream/MLPs) given his pro-energy stance."

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