Ontario suspends U.S. electricity surcharge, agrees to trade talks on March 13
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Ontario Suspends Electricity Export Surcharge: Ontario has decided to suspend its 25% surcharge on electricity exports to the U.S. following discussions about a renewed trade agreement, in response to U.S. President Trump's plans to double tariffs on Canadian steel and aluminum.
Market Reactions: The suspension led to a recovery in U.S. stocks, which had been experiencing a selloff due to uncertainties from the escalating trade war initiated by Trump.
Analyst Views on SDS
Wall Street analysts forecast SDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDS is USD with a low forecast of USD and a high forecast of 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.
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Current: 67.330
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Current: 67.330
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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.
