STOCKS | Democrats Take Control of Congress as Global Renewable Energy Shares Rally

Democrats regained control of both chambers of Congress in the U.S. midterm elections, and global renewable energy stocks rose on expectations of more favorable industry policies. According to Sina Finance, Ørsted rose more than 6% on Tradegate before European markets opened, while Vestas and SMA Solar Technology also advanced premarket. In Asia, Hanwha Solutions gained 19%, Hyundai Energy Solutions rose 12%, and OCI Holdings climbed 10%. U.S. solar companies including Enphase Energy, SolarEdge, First Solar, and Sunrun also rose on the Blue Ocean Alternative Trading System. Investors viewed the Democratic victory as positive for solar, battery, and other clean energy supply-chain companies, while traditional energy stocks came under pressure. Outflows from AI stocks also supported renewable energy shares. Anna Wu, founder of Floodlines Research and an investment strategist, said, “The blue-wave trade is already taking shape, with money flowing out of AI infrastructure and into sectors favored by Democrats.” She added that Hanwha Solutions’ Qcells operates a large factory in the United States and would benefit directly if a Congress controlled by Democrats opposed U.S. President Donald Trump’s anti-solar policies. JPMorgan strategists had said before the midterm elections that a “blue wave” would benefit clean energy stocks, with Congress providing more support for funding, regulation, and project approvals.