Why Tariffs Won't Drive Solar Manufacturing Investment [The Motley Fool]
JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (JKS)
Last jinkosolar holding company limited american depositary shares (each representing 4 common shares) earnings: 3/13 06:43 am
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Source: The Motley Fool
There aren't a lot of companies who would even consider building solar manufacturing capacity in the U.S. One of the stated goals of solar import tariffs was to rejuvenate the U.S. solar manufacturing industry. Dozens of small manufacturers have gone bankrupt and China has taken most of the market share in the industry, something the Trump Administration wants to reverse. But a 30% tariff on solar panel imports , falling to 15% in three years, won't likely drive much domestic investment. Here's a look at the economic reason why companies may choose to sell product elsewhere or pay tariffs over investing in domestic capacity. Image source: Getty Images. It's all about the money Tariffs of 30% on solar panels means that solar panels being imported for around $0.35 per watt will be hit with a $0.10 tariff, around where analysts expect tariffs to be in 2018. In a year, that tariff would drop to $0.09 per watt and then $0.07 per watt in 2020. To invest in U.S. manu
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JKS
News
- JinkoSolar Repurchased 3,246,425 ADSs under Its Share Repurchase ProgramPR Newswire
- JinkoSolar Holding Co., Ltd. (NYSE: JKS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Clean Energy Market to Reach $1.4 trillion, Globally, by 2032 at 9.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- JinkoSolar Holding Co., Ltd. (NYSE: JKS) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $26.00 to $23.00. They now have a "sell" rating on the stock.MarketBeat
- JinkoSolar Holding Co., Ltd. (NYSE: JKS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
JKS
Earnings
- 3/20/24 - Miss
JKS
Sec Filings
- 4/18/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/20/24 - Form 6-K
- JKS's page on the SEC website