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Renewable power advocates are bracing for potential new commerce investigations into U.S. photo voltaic imports that might result in extra tariffs on foreign-made panels, Bloomberg reported Friday.
Employees at two commerce teams – the American Clear Energy Affiliation and the Photo voltaic Power Industries Affiliation – warned their boards final week of a attainable new petition to be filed with the U.S. authorities this month alleging that photo voltaic panels from a number of Asian nations are being dumped within the U.S. at costs under manufacturing prices, in accordance with the report.
The grievance reportedly could be distinct from a separate commerce probe that final yr concluded photo voltaic cells and modules accomplished in Cambodia, Malaysia, Thailand and Vietnam had been bypassing longstanding duties on gear from China, however the motion doubtless would goal the identical nations and will even herald others.
Guggenheim Companions issued a word Friday discussing the potential for brand spanking new anti-dumping “petition exercise within the U.S. photo voltaic business,” the newest instance of hawkish commerce speak within the present presidential election season.
Guggenheim says its key takeaway is that extra commerce coverage uncertainty within the U.S. photo voltaic market doubtless is “excellent news” for First Photo voltaic (NASDAQ:FSLR) and “much less good for everybody else in utility-scale photo voltaic.”
First Photo voltaic (FSLR) completed +1.8% in Friday’s buying and selling, whereas most photo voltaic names posted losses, together with Canadian Photo voltaic (CSIQ) -7.5%, Enphase Power (ENPH) -7%, Sunnova Power (NOVA) -6.8%, SunPower (SPWR) -6.6%, Array Applied sciences (ARRY) -3.2%, SolarEdge Applied sciences (SEDG) -3%.
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