European Utility Stocks Unlikely to Get U.S. Tax Incentives Back Anytime Soon -- Market Talk

0909 GMT - European utility stocks are unlikely to get a substantial boost in the near term from the Democrats gaining control of both the U.S. Senate and House, Baader analysts write. Much of the damage to renewables is already done, the analyst say. The One Big Beautiful Bill repealed 60% of the clean energy tax incentives introduced through the Inflation Reduction Act and they aren't set to return before 2029 at the earliest, they write. EDP shares rise 2%, RWE gains 1.2% while Iberdrola is nearly 1.4% higher. Orsted shares rise 7.2%. (adam.whittaker@wsj.com)

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November 04, 2026 04:09 ET (09:09 GMT)