Commerce Department Imposes Tiny Tariffs On China Solar; YGE, STP, TSL Rallying

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01:26:38 pm on March 20, 2012

News broke not too long ago that the US Department of Commerce has in fact agreed that China is unfairly subsidizing China solar companies which is creating unfair competition and hurting US solar companies.  The reaction?  Tiny tariffs!  I mean these duties are negligible and the reason some of these China solar stocks are rallying in particular Yingli Green Energy (YGE) up over 13%, Suntech Power (STP) up over 7% and Trina Solar (TSL) up over 5%.  US solar stocks are down led by Sunpower (SPWRA) which is down by over 8%.

While these numbers have not been made official, Greentech Media is reporting the following tariffs:

    • Trina 4.73 %
    • Suntech 2.9 %
    • All others are 3.59%

When you consider that tariffs had been expected to come in around the 20 – 30% range, you see the reason for the sharp rally in some of these China solar stocks.

====> Get Your Daily STP Trend Analysis Here

====> Get Your Daily YGE Trend Analysis Here

====> Get Your Daily TSL Trend Analysis Here


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