Solar stocks gain as US finalizes tariffs on Southeast Asian solar imports

Solaredge Technologies

22/04/2025 12:50

** U.S.-based solar companies rise premarket as trade officials in the United States on Monday finalized steep tariffs on most solar cells from Southeast Asia

** This is part of a year-old case where U.S. firms had accused Chinese companies of flooding the market with unfairly cheap goods and endangering their U.S. investments

** Tariffs targets major Chinese solar firms such as Jinko Solar 688223.SS and Trina Solar 688599.SS

** Cambodian products to face duties of more than 3,500%

** Finalization of tariffs hinges on a June vote by the International Trade Commission, assessing whether the industry suffered material harm from cheap imports

** First Solar FSLR.O up 5.8%, SolarEdge Technologies SEDG.O 2.6%, Sunrun RUN.O 1.5% and Enphase Energy ENPH.O 2.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))