It is a good time for solar panel manufacturers at least for now because right after the Obama administration upheld tariffs on Chinese solar panels, the shares of these companies shot up. Chinese solar firms as well as manufacturers from the
US gained in afternoon trading.
First Solar, Inc.(NASDAQ:FSLR), based in US moved up 3.23% or 68 cents to $21.72, whereas Canadian Solar Inc.(NASDAQ:CSIQ) having dual operations in US and China went up 9 cents or 3.42%to $2.72 Canadian Solar is not too happy with final verdict of the Commerce Department, but they will continue to meet the demands of the US solar energy market and come up with innovative solar energy solutions that are reasonably priced.
Trina Solar Limited (ADR)(NYSE:TSL), moved up 5 cents or 1.20% to $4.20. The company had stated that components of solar panels could be imported from other countries in case they are deeply affected due to the imposed duties. US depository shares of China-based LDK Solar Co., Ltd (ADR)(NYSE:LDK) and Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP) went down to $1.01 and 0.84 cents respectively with a decline rate of 2.88%. and 5.62% respectively