U.S. Stocks in Motion | Solar energy concept stocks surge collectively; Canadian Solar (CSIQ.US) jumps over 13%

Zhitong Finance APP has learned that on Wednesday, solar energy concept stocks rose collectively. JinkoSolar (JKS.US) surged 14%, Canadian Solar (CSIQ.US) and Sunrun (RUN.US) surged more than 13%, Enphase Energy (ENPH.US) surged more than 12%, and Daqo New Energy (DQ.US) rose more than 10%. On the news front, the U.S. Democratic Party won both the House of Representatives and the Senate in the midterm elections. The market generally believes that the Democrats sweeping both chambers of Congress greatly reduces the uncertainty surrounding related climate legislation. This political landscape will consolidate and extend the green energy subsidies, tax credits, and policy preferences in the Inflation Reduction Act (IRA), thereby accelerating the return of capital to the solar, energy storage, and new energy vehicle industry chains, and driving the entire clean energy sector to usher in valuation repair and a strong rally.