Solar Manufacturers Will Turn Elsewhere if U.S. Imposes Tariffs
Suniva's Section 201 trade case filed with the International Trade Commission is moving forward after the federal agency found "injury" against the manufacturer in what could be a devastating blow to the solar industry (see details on the case here and here). We won't know until early November what the commission's recommendation on tariffs or price floors would be, but we know some kind of protective measures are going to be recommended to President Trump, who could put new rules in place for as long as four years.
The impact on the solar industry as a whole in the U.S. will be negative, but it may not be as bad as the market currently thinks for solar manufacturers. Here's my prediction on how things will play out, and who the winners and losers will be.
Image source: SunPower.
Source: Fool.com
Sunpower Corp. Stock
Currently there is a rather negative sentiment for Sunpower Corp. with 6 Buy predictions and 21 Sell predictions..
On the other hand, the target price of 5 € is above the current price of 0.04 € for Sunpower Corp., so the potential is actually 14185.71%.
