Will First Solar profit the most if the Suniva solar tariff case wins?
Written By: Katherine Demetre
August 15, 2017
First Solar Inc could potentially get a boost if the Suniva solar tariff case wins.
The U.S. International Trade Commission (ITC) scheduled a hearing for the case for Aug 15 and will soon reveal their decision. The petition, which was filed in April of this year, was made to determine whether crystalline silicon photovoltaic cells (CSPV) were being imported into the United States in large enough quantities that could potentially damage to its US counterparts.
Solar Energy Industries Association (SEIA), an association made up of over 800 solar companies, released a prehearing brief and wrote that the accusations made from Suniva were false.
However, news has broke that First Solar, a SEIA member, could potentially get the upper hand if the case won.
Jeffrey Osborne, analyst at Cowen & Co, predicted that the Fortune 500 solar company could gain as much as 40 cents per watt. He told Bloomberg:
Because the complaint specifically goes after silicon panels, thin-film technologies like First Solar’s will be considerably cheaper in comparison.
However, a spokesperson for First Solar referred to their CEO Mark Widmar for the matter, to which he previously stated: “If there is a determination of injury, a modest type of remedy will not be harmful at all to the industry and I think it’ll survive and more jobs will be created. Hopefully what it will do is enable more manufacturing in the U.S.”
With the hearing coming to a close, First Solar and the rest of the US Solar industry will soon find out the fate of the tariffs.