Zelenka began to grow another echo of the American elections - investors began to calculate future profits.
On Thursday, the STAR New Energy index of Chinese clean energy companies jumped 6.46%. Specifically, Sungrow Power, a manufacturer of inverters for solar stations, added 7.45%, Trina Solar - 5.51%, CATL - 5.17%, and the polysilicon manufacturer Dako New Energy - 9.87%. After Democrats gained control of Congress, the market decided that Washington could restore support for renewable energy, restore tax breaks and slow the dismantling of environmental restrictions promoted by the Trump administration. This is especially interesting for Chinese manufacturers. The US is a huge and extremely profitable market for solar panels, storage devices and electrical equipment. Therefore, even a hypothetical reduction of trade barriers dramatically improves future income expectations. Currently, Chinese products in the US are subject to notoriously high tariffs: around 50% for solar products and 25% for grid batteries. In addition, the Trump administration previously considered banning new Chinese inverters due to concerns that the equipment could be used to interfere with the operation of the American electrical grid. That is, Sungrow grew not only from the hope of selling more, but also from the expectation that Washington would at least stop tightening the screws. Daku is a different story. The company has faced export restrictions to the US due to allegations of forced labor, and its entities are on the UFLPA list in the US. Therefore, an increase of almost 10% is also an expectation of a possible easing of restrictions. But there is a nuance: there are still no concrete decisions on the abolition of tariffs. The jerk is largely based on sentiment. Moreover, democratic support for green energy does not mean automatic acceptance of Chinese manufacturers.