Maxim Group Publishes Report on Solar Power Industry
In its report, Maxim Group writes, “While SWV's petition for a tariff on U.S. imports of Chinese solar cells intends to save domestic solar manufacturing, the effort to help the few may yield collateral damage to many, as we expect the tariff to: (1) have minimal impact on domestic producers as Chinese circumvention may yield only a 10% price hike; (2) lead to a retaliatory tariff on U.S. exports, posing a threat to domestic poly/equipment producers; and (3) lead to uncertainty and price increases that could restrain domestic demand and exacerbate the overcapacity afflicting the solar industry.”
Companies included in the Maxim Group report are: First Solar (NASDAQ: FSLR), STR Holdings (NYSE: STRI), Suntech Power (NYSE: STP), Trina Solar (NYSE: TSL), Yingli Green Energy (NYSE: YGE)
