FRANKFURT (dpa-AFX) - Shares in the European energy sector suffered from political uncertainty on Monday. The shares of wind turbine manufacturer Nordex fell by 1.5 percent. The Dax group RWE and the solar specialist SMA also suffered with losses of 1.1 and 1.2 percent respectively.

In the European elections, right-wing parties achieved major successes in several countries. "The shift to the right in Europe is bringing political uncertainty back to the trading floor," said market analyst Jochen Stanzl from broker CMC Markets in the morning. In Germany, the poor performance of the traffic light coalition caused a stir. The Greens, as the supporters of the German energy transition, suffered significant losses in the European elections on Sunday. They slipped to 11.9 percent from 20.5 percent previously.

Uncertainty was particularly high in France, where President Emmanuel Macron wants to create a clear political situation by re-electing the National Assembly. He is probably hoping to increase his majority in the parliamentary chamber. "But achieving this majority is unlikely to be easy, as Macron's party looks weakened," wrote JPMorgan expert Raphael Brun-Aguerre this morning.

According to Barclays analyst Peter Crampton, the uncertainty in France poses increased risks for utilities there. Shares in Engie recently fell by 3.2 percent in Paris./tih/mis