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Canadian Solar not seeing major Trump impact on

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eFinanceMarkets   Tuesday, 03/21/17 04:30:26 PM
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Canadian Solar not seeing major Trump impact on U.S. solar sales
Canadian Solar (CSIQ -9.1%) CEO and President Shawn Qu says Pres. Trump’s pro-coal and pro-fossil fuel policies have not hurt sales of the company's solar cells in the U.S., but the U.S. Department of Commerce dealt a significant setback with the preliminary release of revised anti-dumping tariffs.
CSIQ says it is strongly contesting the early results of the DoC's revised anti-dumping and other tariffs on Chinese-manufactured solar panels, which Qu says are “hugely different from the past rates imposed on the company.”
“We believe that technology is what set the winners apart from the losses in this run of the industry cycle,” Qu said in today's earnings conference call, adding that CSIQ plans to raise its solar cell manufacturing capacity even as competitors cut back.
CSIQ's revenues, profits and margins all have declined over the past year due to “the industry-wide declines in average selling price that have been persistent all year," although the company set records for solar module shipments in Q4 and FY 2016, and Qu says demand for its products remains firm.

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