U.S. stock market movement | Photovoltaic and solar concept stocks surged collectively, Canadian Solar (CSIQ.US) jumped over 13%

According to Zhihu Finance APP, on Wednesday, photovoltaic solar energy concept stocks saw a collective surge. JinkoSolar (JKS.US) soared by 14%, Canadian Solar (CSIQ.US) and Sunrun (RUN.US) both jumped over 13%, Enphase Energy (ENPH.US) rose by more than 12%, and Daqo New Energy (DQ.US) gained over 10%. According to reports, 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 has greatly reduced the uncertainty around related climate legislation. This political structure will consolidate and extend the green energy subsidies, tax credits, and policy support in the Inflation Reduction Act (IRA), further accelerating the flow of capital back to the solar energy, energy storage, and new energy vehicle sectors, driving the entire clean energy sector into a phase of valuation recovery and robust growth.