Canadian Solar down as US slaps tariffs for dodging China duties

FTC Solar

18/08/2023 16:52

** Shares of solar power and battery company Canadian Solar
 CSIQ.O  down ~1% at $30.82
    ** United States to finalize a decision to impose import
duties on solar panel makers who finished their products in
Southeast Asian nations to avoid tariffs on Chinese-made goods
    ** A Commerce probe found that units of Chinese companies
dodging tariffs include CSIQ, BYD  002594.SZ , Trina Solar
 688599.SS , Longi Green Energy  601012.SS  — all down between
1% and 2.3% 
    ** Peers U.S.-based Maxeon Solar  MAXN.O , First Solar
 FLSR.O , FTC Solar  FTCI.O  all down between 0.7% and 1.7%
    ** CSIQ stock down ~0.2% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))