First Solar Has a Lot Riding on Proposed Solar Tarrifs
Solar companies and investors will likely learn late this week whether the Section 201 trade case filed by Suniva and joined by SolarWorld will be moving forward, recommending tariffs or other remedies to President Trump. The fate of the U.S. solar industry could be riding on the decision and no one quite knows what the International Trade Commission will find.
Since the trade case was filed, First Solar (NASDAQ: FSLR) has been the biggest beneficiary on the stock market, and for good reason. The manufacturer may get around all solar tariffs because it makes a thin-film product, not traditional silicon solar cells that are a focus of the complaint. But it also has a large manufacturing facility in the U.S. that could produce up to 1 GW of solar modules each year. That dynamic could give First Solar an essentially captive market, which would be a boon for earnings. But if the complaint doesn't go forward, First Solar could face a more challenging operating environment.
Source: Fool.com
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