By Roshan Fernandez
U.S. solar stocks climbed during Tuesday trading after the Trump administration imposed steep tariffs on solar imports from four Southeast Asian countries.
First Solar shares were up about 14% to $139.03; Sunnova Energy shares were up about 14% to 20 cents; and SolarEdge Technologies shares were up about 12% to $13.54.
The U.S. slapped tariffs of up to 3,521% on solar imports from Cambodia, Malaysia, Thailand and Vietnam. The move follows an investigation by the U.S. Department of Commerce into allegations that Chinese companies in those countries were selling solar cells and panels in the U.S. at artificially low prices, putting domestic solar cell makers in peril.
Some solar goods from Cambodia were hit with the steepest levy possible: duties more than 35 times the cost of the product. The lower end of the new tariffs is under 35% on some goods from Malaysia.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
April 22, 2025 10:47 ET (14:47 GMT)
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