Sunrun shares are trading lower, pulling back after gaining Wednesday on reports of Biden planning to remove tariff exemption for bifacial solar panel imports.
Portfolio Pulse from Benzinga Newsdesk
Sunrun shares are trading lower after a recent gain, due to reports of President Biden planning to remove the tariff exemption for bifacial solar panel imports. This policy change could potentially increase costs for companies like Sunrun that rely on such imports for their solar installations.
April 18, 2024 | 5:57 pm
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NEGATIVE IMPACT
Sunrun's stock is trading lower following reports of the Biden administration's plans to remove tariff exemptions on bifacial solar panels, which could lead to increased operational costs for the company.
The removal of tariff exemptions directly impacts Sunrun's cost structure for solar installations. As bifacial solar panels are integral to their operations, any increase in costs due to tariffs could negatively affect their profitability and, consequently, investor sentiment towards RUN shares.
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