Global Renewable Energy Stocks Trade Higher After Democrats Win Control of US Congress

MT Newswires Live11-04 18:04

Global renewable energy stocks rose Wednesday after Democrats gained control of Congress in the US midterm elections, with investors hailing the results as favorable for the sector.

Shares of US-listed energy firms Enphase Energy (ENPH), First Solar (FSLR), SolarEdge Technologies (SEDG) and Sunrun (RUN) jumped over 6%, nearly 9%, around 4%, and more than 8%, respectively, in premarket activity.

Clean energy stocks in Europe and Asia were also upbeat, with Orsted and SMA Solar Technology posting gains in Denmark and Germany, respectively, while Hanwha Solutions, HD Hyundai Energy Solutions and OCI Holdings also advanced in South Korea.

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