Biden administration to reveal new tariffs on cleantech imports, FT reports
Written by Emily J. Thompson, Senior Investment Analyst
New Tariffs Announcement: The Biden administration plans to impose new tariffs on critical imports from China, including a 50% tariff on solar wafers and polysilicon, and a 25% levy on tungsten products.
Impact on U.S. Manufacturing: This move aims to bolster U.S. manufacturing against China's leading position in the cleantech sector, affecting companies like Trina Solar and JA Solar.
Analyst Views on CSIQ
Wall Street analysts forecast CSIQ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSIQ is 20.14 USD with a low forecast of 5.58 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
2 Hold
5 Sell
Moderate Sell
Current: 20.410
Low
5.58
Averages
20.14
High
37.00
Current: 20.410
Low
5.58
Averages
20.14
High
37.00
About CSIQ
Canadian Solar Inc. is a Canada-based solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of solar energy and battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. It operates through two segments: Recurrent Energy, and CSI Solar. The Recurrent Energy segment is vertically integrated and focuses on greenfield origination, development, financing, execution, operations and maintenance, and asset management. The CSI Solar segment consists of solar module and battery energy storage manufacturing, and delivery of total system solutions, including inverters, solar system kits, and engineering, procurement, and construction (EPC) services. It has developed, built, and connected around 10 Giga Watt peak (GWp) of solar power projects and 3.3 GWh of battery energy storage projects across the world.
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.
