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Solar stocks fell in the morning as the US raised tariffs on solar panels, and institutions said it may put pressure on the profits of companies in the short term

AInvestTuesday, Dec 3, 2024 9:50 pm ET
1min read

Photovoltaic stocks fell in the morning. As of the time of writing, Caihong New Energy (00438) fell 5.4% to HK$2.98; Flat Group (06865) fell 3.62% to HK$13.3; Xin Solar Energy (01799) fell 2.57% to HK$8.33.

On the news front, on November 29, the U.S. Commerce Department announced the preliminary determination of anti-dumping duties (AD) on photovoltaic cell and module products from four Southeast Asian countries, with anti-dumping rates ranging from 0% to 271.28%. Western Securities pointed out that the tariff policy in the short term may put pressure on the profits of each company, while in the long term it will enhance the advantages of enterprises with domestic production capacity in the United States, accelerate the process of Chinese enterprises building factories in the United States, and boost their sales in the United States.

HT International said that the industry as a whole is in a stage of clearing and adjustment, and the price may fluctuate as the concentrated signing of orders nears the end of the year, but the overall downward space is limited, and the bottom of the price has been clearly defined. The photovoltaic industry is accelerating its return to order, and the current policy has given clear guidance and measures to the photovoltaic industry in terms of both capacity and price. The industry is clearing itself and getting rid of the vicious competition of low prices, and the price is expected to rise after that. It is suggested to pay attention to the huge elasticity brought by the bottom turning point of photovoltaic.

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