US sets tariffs for solar panels from Southeast Asian nations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
0mins
Source: Reuters
New Tariffs on Solar Panels: U.S. trade officials announced tariffs ranging from 21.31% to 271.2% on solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam due to complaints from American manufacturers about unfair pricing practices by foreign companies.
Impact on U.S. Solar Manufacturing: The Biden administration aims to protect investments in U.S. solar manufacturing amidst concerns over China's dominance in clean energy production, with final determinations regarding the tariffs expected in mid-2025.
Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSLR is 280.35 USD with a low forecast of 150.00 USD and a high forecast of 335.00 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.
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 239.680
Low
150.00
Averages
280.35
High
335.00
Current: 239.680
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 459 watts and 531 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.
