China solar stocks are trading lower after the Commerce Department on Tuesday said it will impose important tariffs on solar panels imported from China.
The levies will range from 2.9% to 4.73%. As the New York Times notes, the impact of tariffs that small on the market “could be limited,” but additional tariffs could be added in May when the Commerce Department will consider whether China is dumping solar panels in the U.S. at prices below cost.
OGW Energy Resources take:
For years we have done our best to align OGW with manufacturers that will be around to honor their product warranty. Looking at the PV landscape these days you will find company after company with operating losses or worse. The majority of solar manufacturers we work with have strong diversification in other businesses and are not a single product / industry house. Further, we have tools to warrant the system above and beyond the manufacturers warranties.
To find out more contact an OGW Sales Associate today.