Exclusive: US plans to restore tariffs on dominant solar technology, sources say [Reuters]
First Solar, Inc. (FSLR)
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Source: Reuters
that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday. The request, which has not previously been reported, comes as Qcells is seeking to protect a pledged $2.5 billion expansion of its U.S. solar manufacturing presence against competition from cheaper Asian-made products. The solar division of Korean conglomerate Hanwha Corp (000880.KS) New Tab , opens new tab outlined the request in a formal petition to the U.S. Trade Representative on Feb. 23. It included letters of support from seven other companies with billions of dollars combined invested in U.S. solar factories. No decision has been made on the timeline of the expected reversal, the sources said. Duties on imports of bifacial panels, the main technology in utility-scale solar projects, would be a boon to the more than 40 solar equipment factories planned since U.S. President Joe Biden signed his
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FSLR
Earnings
- 2/27/24 - Beat
FSLR
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/4/24 - Form 144
- FSLR's page on the SEC website