Monday, January 22, 2018

First Solar Jumps On White House China Tariffs (FSLR)

The stock was down $1.07 (-1.53%) during the regular session but reversed after hours, $73.25 up $4.29 (+6.22%) last.
From MarketWatch:

First Solar shares jump 8% after White House OKs tariffs on solar-panel imports 
Shares of First Solar Inc. FSLR, +6.22% jumped 8% late Monday after news that President Donald Trump has approved trade protections on imported solar panels and modules as well as imported washing machines for home use. The solar tariffs are approved for the next four years, with a 30% tariff on the first year diminishing to 15% by year four. U.S. trade representatives will discuss "among interested parties" measures that could lead to a "positive resolution" of the separate antidumping and countervailing duty measures imposed on Chinese solar products, the government said....MORE