Solar stocks rise on Reuters report of potential tariff reversal
17/04/2024 19:10
** Shares of solar companies rise after a Reuters report on
Biden administration expected to reverse a two-year-old trade
exemption that allowed imports of a dominant solar panel
technology from China and other countries to avoid tariffs, as
per two sources familiar with plans
** Past trade remedies have sharply divided U.S. solar
industry, which is dominated by installers and developers
relying on cheap imports to keep their costs low
** Sunnova NOVA.N , Sunrun RUN.O , SolarEdge Technologies
SEDG.O and Maxeon Solar MAXN.O rise between 1.9% and 8.7%
** Other solar firms such as Canadian Solar CSIQ.O , First
Solar FSLR.O and Enphase Energy ENPH.O up between 1.8% and
4.7%
** Invesco solar ETF TAN.P rises 2.3%
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com;))