Popular Groups》U.S. renewable energy stocks rebound strongly, Taiwan’s solar energy group becomes popular

The results of the U.S. midterm elections were announced, with the Democratic Party taking control of both houses of Congress. The market expects that after the Democratic Party officially takes power next year, the investment environment for renewable energy industries such as solar and wind power will be significantly improved. U.S. clean energy stocks surged. Taiwanese stocks fell sharply on November 6. However, domestic solar stocks including Yuanjing (6443), United Renewables (3576), Motech (6244), and Canghe (6538) struggled to turn from black to red. Yuanjing and Danone (3686) ended at the daily limit.

In fact, during the International Smart Energy Week in mid-October this year, companies including United Renewables, Yuanjing, Motech, and even green power concept stocks Clouded Leopard Energy (6869), Hongde Energy (6873), Xitel-Tron (7740), etc. all believed that the bottom of the solar industry has passed. United Renewables, Yuanjing, and Motech have locked in the domestic and foreign rooftop solar markets. Yunbao, Hongde, Xitel, and Formosa Plastics are optimistic about the AIDC (data center) pie.

Yuanjing CEO Liao Weiran said that the company's operations have reached the bottom this year. With the strong demand for green electricity, it will definitely rebound from the bottom next year. Currently, the main shipments are rooftop solar products, and the main overseas focus is on the Japanese rooftop market. United Renewables also pointed out that in the future, the main focus will be on exploring the U.S. market and promoting international layout with local manufacturing in the United States. Mass production is expected in the third quarter of next year, with a planned annual production capacity of 1GW. It is expected that U.S. revenue will double next year.

The latest report on the green energy industry by Cathay Securities Futures shows that U.S. power demand is driven by AI data centers, power grid upgrades and energy transformation, driving up investment in power generation, energy storage and transmission and distribution equipment. The research department believes that companies that will benefit from 2026 to 2028 include EDPR, Enlight and OCI Energy; after 2029, it is optimistic about First Solar, Hanwha Solutions and LG Energy Solution.

As for Taiwanese manufacturers, Cathay Securities is optimistic that solar consumables suppliers Cangho and Shuohe (3691) are expected to benefit from the industry recovery; for power transmission and distribution equipment, Huacheng (1519) and Shidian (1503) have the most advantages; and as the demand for power management, energy storage and system integration in data centers increases, Delta Electronics (2308), Colliers (8996) and Kangshu (6282) are also expected to benefit and become the main axis of long-term growth.