US Tariff On Chinese Solar Panels Creates 'Level Playing Field,' Says First Solar CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 29 2024
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Source: Benzinga
Biden Administration's Tariff on Chinese Solar Panels: The Biden administration has increased tariffs on Chinese solar panels to 50% to protect the U.S. market from China's oversupply and predatory pricing, according to Mark Widmar, CEO of First Solar, Inc.
Impact on Domestic Market and Innovation: Widmar emphasizes that this tariff is part of a broader strategy to ensure fair competition for U.S. manufacturers, promote innovation, and support long-term energy independence amidst concerns over China's market practices.
Analyst Views on CTEC
Wall Street analysts forecast CTEC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTEC 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: 62.255
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Current: 62.255
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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.
