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

Solaredge Technologies

22/04/2025 15:55

Updates

** U.S.-based solar companies rise, after trade officials on Monday finalized steep tariffs on most solar cells from Southeast Asia

** This was part of year-old case where U.S. firms had accused Chinese companies of flooding 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 June vote by International Trade Commission, assessing whether industry suffered material harm from cheap imports

** "Specifically, this is good news for companies manufacturing solar equipment in the U.S. - but it is a headwind for the installers and project developers, because their business models benefit from cheaper hardware," Raymond James analyst Pavel Molchanov said

** First Solar FSLR.O up 12.9%, SolarEdge Technologies SEDG.O up 8.4%; Sunrun RUN.O 5.7% and Enphase Energy ENPH.O up 2.7%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com))