Renewables Stocks Rally as Democrats Win U.S. Congress

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Renewable energy stocks surged in Asia and Europe after Democrats won control of both U.S. Congress chambers in Tuesday’s mid-term elections, shifting investor focus away from AI and data center sectors. The “blue trade” lifted shares of wind turbine makers and solar equipment firms, with Denmark’s Orsted up 6% and South Korea’s Hanwha Solutions soaring 18%, as markets bet on Democratic support for clean energy against President Trump’s anti-renewable policies. Democratic gubernatorial wins in Texas and Ohio may tighten data center regulations, while AI stocks fell on concerns over potential oversight, reflecting a broader investor rotation favoring green energy.


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