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Old 06-07-2014, 08:11 AM   #1
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Default U.S. tariffs on China solar imports gave a boost to major American solar panel makers.

Bad News Is Good For U.S. Solar Stocks: Sunedison Inc (NYSE:SUNE), Real Goods Solar, Inc. (NASDAQ:RGSE), SunPower Corporation (NASDAQ:SPWR)
by Orville Abrams / June 5, 2014

U.S.-based solar stocks like Sunedison Inc (NYSE:SUNE), Real Goods Solar, Inc. (NASDAQ:RGSE) and SunPower Corporation (NASDAQ:SPWR) climbed higher on Wednesday as worries solar panel prices for end users will rise due to proposed U.S. tariffs on China solar imports gave a boost to major American solar panel makers.

Chinese solar manufacturers faces a major setback as the United States slapped new import duties on solar panels and other related products from China on Tuesday after the Commerce department ruled they were produced using Chinese government subsidies, potentially inflaming trade tensions between the two countries.

In a preliminary determination, the Commerce department imposed duties of 35.21 percent on imports of panels and other products made by Chinese producers. The move has been taken to counter Chinese government subsidies to local manufacturers.

“We believe the impact to earnings will be partially offset by the resulting higher prices,” Jefferies analyst Joseph Fong said in a research note, adding that solar-panel, or module, prices are apt to rise in the U.S., “benefiting domestic manufacturers at the expense of end consumers.”

“U.S. module manufacturers, such as FSLR and SPWR, are clear beneficiaries of this decision,” Roth Capital Partners analyst Philip Shen said in a research note Wednesday. “Chinese manufacturers are negatively impacted, given the uncertainty around how to address the U.S. market.”

The final curtain has not closed on the solar trade case drama as the Wall Street Journal reports European solar-panel manufacturers alleged widespread violations of a settlement between the European Union and China over solar-panel exports, a move that is expected to reopen a dispute that threatened to explode into a trade war last year.

If confirmed by the commission, the EU’s executive arm, the violations would be grounds for annulling the settlement and imposing steep tariffs on Chinese solar-panel exports.

In corporate news, SunEdison Inc. (SUNE), the best-performing U.S. solar company this year, is offering $500 million in convertible debt for acquisitions on three continents. The company said that about $350 million to $400 million of the net proceeds is expected to be used on projects and to pay debt on solar farms held by subsidiary TerraForm Power Inc.

Elsewhere in the industry, SunPower Corp. (SPWR) has been selected by NV Energy to build a 19-megawatt (DC) solar photovoltaic power system at Nellis Air Force Base in Nevada.

Separately, the company proposed to offer $400 million aggregate principal amount of senior convertible debentures, subject to market conditions and other factors.

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Old 06-07-2014, 08:23 AM   #2
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Is Obama trying to save his last claim to fame ( renewables ) from
an ignominious collapse ??

I think with this tactic he is going to offend many within the US
solar industry who depend on the cheap Chinese products.

Will elements of the solar industry now savage him in public ?
Will his last show pony bite him in the ass .

I would love to know how much the Solar industry contributes
to Obama and associates .

All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

Last edited by Ross; 06-07-2014 at 09:16 AM.
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american, boost, china, gave, imports, major, makers, panel, solar, tariffs

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