First Solar Is Already Profiting From the Solar Tariff Debate
The threat of tariffs on solar imports as a result of the Suniva/SolarWorld trade case may already be benefiting First Solar's (NASDAQ: FSLR) domestic business. Not only are solar module prices rising as developers stockpile what they need ahead of the final ruling, but First Solar is also able to provide long-term price guarantees because its thin-film modules probably won't be subjected to import tariffs at all. This gives First Solar the ability to win contracts in the U.S. well into 2018 without worrying about tariffs.
We're already seeing positive results because of First Solar's position outside the trade case. And if President Trump puts punitive tariffs on the solar industry, we'll probably see a windfall for First Solar in the future.
Image source: First Solar.
Source: Fool.com
Sunpower Corp. Stock
Currently there is a rather negative sentiment for Sunpower Corp. with 7 Buy predictions and 35 Sell predictions..
A target price of 1 € results in a potential of -59.38% which would mean heavy losses compared to the current price of 2.46 € for Sunpower Corp..
