InvestorsHub Logo
Followers 7
Posts 604
Boards Moderated 0
Alias Born 03/08/2017

Re: benfrankledger post# 3814

Monday, 01/22/2018 7:16:54 PM

Monday, January 22, 2018 7:16:54 PM

Post# of 10603
$FSLR First Solar (NASDAQ:FSLR) +6.2% after-hours following the Trump administration's approval of tariffs as high as 30% on imported solar panels, a bit lower than the 35% recommended last year by the U.S. International Trade Commission; FSLR is seen gaining from the move as costs for competing foreign panels rise.

The solar tariffs would last for four years and decline in increments of 5% from 30% at the start to 15% in the final year; the first 2.5 GW of imported solar cells will be exempt from the tariff.

Whirlpool (NYSE:WHR) also is higher, +4% as new tariffs on imported washing machines start at 20% and are imposed over three years, starting at 20% for the first 1.2M units of imported finished washers and 50% of all subsequent imports on year one.

Other potentially relevant tickers include SPWR, CSIQ, JKS, CAFD, SOL, RUN, VSLR, JASO, YGE, TERP, SEDG, ENPH