Auriga on Solar Power/CleanTech: U.S. Shows China the Writing on the Tariff Wall With "Critical Circumstances"
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1 Buy, 8 Hold, 12 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Auriga on Solar Power/CleanTech: Solar Photovoltaics - U.S. Shows China the Writing on the Tariff Wall With "Critical Circumstances"
Department of Commerce finding: U.S. Dept. of Commerce on Jan 27, 2012 makes a critical circumstances finding on Chinese solar cells/panels. The finding was based on import data from Suntech Power (NYSE: STP) and Trina Solar (NYSE: TSL) for three month periods of October to December 2011 Vs July to September 2011 and four month periods of September to December vs. May to August 2011. All the data points show that imports tracked > 15% in quantity and value and in the Department of Commerce parlance it is termed as Massive if it happens in a short period of time. U.S. Customs and Border Protection's Port Import Export Reporting Service (PIERS) data shows massive surge in solar cell/module imports in recent months. Suntech's Power imports have surged 76% in November 2011, compared with October 2011, and Trina Solar's imports have risen 209% in the 1H December 2011, compared with the 1H November 2011.
Department of Commerce finding: U.S. Dept. of Commerce on Jan 27, 2012 makes a critical circumstances finding on Chinese solar cells/panels. The finding was based on import data from Suntech Power (NYSE: STP) and Trina Solar (NYSE: TSL) for three month periods of October to December 2011 Vs July to September 2011 and four month periods of September to December vs. May to August 2011. All the data points show that imports tracked > 15% in quantity and value and in the Department of Commerce parlance it is termed as Massive if it happens in a short period of time. U.S. Customs and Border Protection's Port Import Export Reporting Service (PIERS) data shows massive surge in solar cell/module imports in recent months. Suntech's Power imports have surged 76% in November 2011, compared with October 2011, and Trina Solar's imports have risen 209% in the 1H December 2011, compared with the 1H November 2011.
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