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BackThe U.S. midterm elections have changed the outlook for clean energy, and Taiwan’s solar power plants will see the light of day next year.
The U.S. midterm elections have changed the outlook for clean energy, and Taiwan’s solar power plants will see the light of day next year.
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自由时报13 minutes agoBusiness2 min readChinaView original

The U.S. midterm elections have changed the outlook for clean energy, and Taiwan’s solar power plants will see the light of day next year.

U.S. midterm electionsDemocratic Partycongress

Quick Look

  • The Democratic Party won control of both houses of Congress in the U.S. midterm elections, and the market expected a shift in green energy policies.
  • Taiwanese solar stocks bucked the trend and resisted the decline.
  • Yuanjing and Danone ended the day at their limit, and the stock prices of United Renewables, Motech, and Canghe turned from black to red.

AI-generated summary

Why It Matters

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, it will significantly improve the investment environment for renewable energy industries such as solar and wind power.

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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.

The Democratic Party took control of Congress in the U.S. midterm elections, and the market expected a shift in green energy policies, which encouraged the solar energy community to buck the trend and resist the decline. (File photo)

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.

What to Watch

AI outlook — possibilities, not facts

  • After the Democratic Party officially takes power next year, green energy policies will significantly improve the investment environment for renewable energy industries such as solar and wind power.

    Likely · Within months

  • United Recycling is expected to mass-produce in the United States in the third quarter of next year, with an annual production capacity of 1GW. U.S. revenue is expected to double next year.

    Possible · Within months

Open Questions

  • What are the specific content and timetable of green energy policies after the Democratic Party takes power?
  • Can Taiwanese solar stocks buck the trend and continue to rise?
  • What is the actual revenue performance of United Recycling's US factory after mass production in the third quarter of next year?

Related Topics

U.S. midterm elections
PeopleZhang HuiwenLiao Weiran
OrganizationsDemocratic PartyYuan Jingjoint regenerationMoody
PlacesUnited StatesJapan
TopicsDemocratic Partycongressgreen energysolar energyYuan Jingjoint regeneration
This article was originally published by 自由时报.

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