First Solar shares are trading higher on reports indicating Biden is expected to remove tariff exemption for bifacial solar panel imports.
Portfolio Pulse from Benzinga Newsdesk
First Solar shares are trading higher following reports that President Biden is anticipated to end the tariff exemption for bifacial solar panel imports, potentially benefiting domestic manufacturers like First Solar.
April 17, 2024 | 7:07 pm
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First Solar's stock is experiencing an uptick due to anticipated regulatory changes by the Biden administration, which could end tariff exemptions for bifacial solar panels, potentially reducing competition from imported panels.
The expected regulatory change by the Biden administration to end tariff exemptions for bifacial solar panels could significantly benefit First Solar by reducing competition from cheaper imported panels. This move is likely to support domestic manufacturers and could lead to increased demand for First Solar's products, positively impacting its stock price in the short term.
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