U.S. Imposes Antidumping Duties on Solar Imports from Three Countries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy FSLR?
Source: Newsfilter
- Antidumping Duty Rates Announced: The U.S. Commerce Department has announced preliminary antidumping duties on solar cells and panels from India, Indonesia, and Laos, with rates reaching 123.04% for India, 35.17% for Indonesia, and 22.46% for Laos, significantly raising the cost of these imports and impacting their competitiveness in the U.S. market.
- Market Impact Analysis: These three countries accounted for $4.5 billion in U.S. solar imports last year, approximately two-thirds of the total, and the implementation of these duties will severely affect producers in these nations, potentially leading to a decline in their market share.
- Industry Response: The Alliance for American Solar Manufacturing, which includes companies like First Solar and Qcells, supports this decision, believing it will help protect U.S. manufacturers from low-priced imports, thereby promoting the recovery and growth of the domestic industry.
- Future Decision Timeline: The Commerce Department is expected to announce a final decision on solar cells from India and Indonesia around July 13, with a decision for Laos anticipated around September 9, and future policy directions will directly influence the global solar market's supply chain and pricing structure.
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Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 214.570
Low
150.00
Averages
280.35
High
335.00
Current: 214.570
Low
150.00
Averages
280.35
High
335.00
About FSLR
First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 464 watts and 532 watts, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Compliance Challenges: While Chinese solar firms are attempting to comply with new regulations by selling off stakes in factories, most retain some form of profit-sharing or supply agreements, raising compliance issues that could affect eligibility for tax subsidies.
- Tightening Financing: Banks like Morgan Stanley, JPMorgan, and Goldman Sachs have scaled back tax-equity financing for certain solar projects due to concerns over future Treasury interpretations, while insurers are refusing coverage for companies at risk of losing clean energy tax credits, exacerbating industry uncertainty.
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- Strong Backlog: The company ended the quarter with a backlog of 47.9 gigawatts, down from 50.1 gigawatts in the previous quarter, indicating that strong shipments have outpaced new bookings, reflecting sustained market demand.
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- Margin Improvement: Q1 gross margins increased to 47% from 41%, driven by a 31% rise in module sales volumes to 3.8 GW, alongside $418 million in tax credits, enhancing the company's profitability.
- Future Guidance: The company reaffirmed its full-year revenue guidance of $4.9 billion to $5.2 billion, with expected module sales of 17.0 to 18.2 GW, indicating confidence in future performance despite tariff pressures.
See More
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