Auriga on Solar Power/CleanTech: Solar Photovoltaics: US - China Solar Trade Investigation; Upcoming Catalysts
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Price: $1.88 -3.09%
Rating Summary:
5 Buy, 24 Hold, 15 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 24 Hold, 15 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Auriga on Solar Power/CleanTech
Solar Photovoltaics: US - China Solar Trade Investigation; Upcoming Catalysts
Analyst, Hari Chandra, said, "The ongoing U.S. Department of Commerce investigation against China for its solar industry subsidies that (we believe) distort the solar PV competitive and trade landscape will likely offer a couple of data points to ponder in the coming days. Anti-dumping Duties (AD) .May 17, 2012: Preliminary determination of Anti-dumping Duty (AD) investigation. Countervailing Duties (CVD) -Sometime in May: Follow up on issues that the Department of Commerce did not have adequate time to rule when it announced preliminary determination on Countervailing Duties (CVD) on March 20, 2012. Namely: The Provision of Land for less than adequate remuneration (LTAR) to Wuxi Suntech Power, Provision of Electricity for LTAR, and Enterprise Income Tax Law Research and Development (R&D) Program. Additional CVD issues to be investigated: Beyond these, the U.S. Department of Commerce will likely add additional issues which were not taken up in the preliminary CVD ruling. These range from: LTAR for glass, LTAR for aluminum extrusions, over-rebate of value added taxes (VAT), preferential access to capital markets (overseas domicile, overseas market listing), and debt forgiveness through corporate reorganization. March 20 CVD ruling and outlook: For reference, we note the preliminary ruling had CVDs at 2.90% for Suntech Power (Nasdaq: SPWR), 4.73% for Trina Solar (NYSE: TSL), and 3.61% for other Chinese solar vendors."
Solar Photovoltaics: US - China Solar Trade Investigation; Upcoming Catalysts
Analyst, Hari Chandra, said, "The ongoing U.S. Department of Commerce investigation against China for its solar industry subsidies that (we believe) distort the solar PV competitive and trade landscape will likely offer a couple of data points to ponder in the coming days. Anti-dumping Duties (AD) .May 17, 2012: Preliminary determination of Anti-dumping Duty (AD) investigation. Countervailing Duties (CVD) -Sometime in May: Follow up on issues that the Department of Commerce did not have adequate time to rule when it announced preliminary determination on Countervailing Duties (CVD) on March 20, 2012. Namely: The Provision of Land for less than adequate remuneration (LTAR) to Wuxi Suntech Power, Provision of Electricity for LTAR, and Enterprise Income Tax Law Research and Development (R&D) Program. Additional CVD issues to be investigated: Beyond these, the U.S. Department of Commerce will likely add additional issues which were not taken up in the preliminary CVD ruling. These range from: LTAR for glass, LTAR for aluminum extrusions, over-rebate of value added taxes (VAT), preferential access to capital markets (overseas domicile, overseas market listing), and debt forgiveness through corporate reorganization. March 20 CVD ruling and outlook: For reference, we note the preliminary ruling had CVDs at 2.90% for Suntech Power (Nasdaq: SPWR), 4.73% for Trina Solar (NYSE: TSL), and 3.61% for other Chinese solar vendors."
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