Reuters ran a figure that the duties would be as low as 5% or even less. If this is the case, why even bother?
Trina Solar Limited (NYSE: TSL) is up almost 7% at $8.30 so far and Suntech Power Holdings Co., LTD (NYSE: STP) was up almost 8% at $3.37 so far this Tuesday. Shares of LDK Solar Co. Inc. (NYSE: LDK) are only up 2.6% as a secondary beneficiary at $4.75 but shares of JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) are up 5.5% at $1.92 on the day.
Shares of SunPower Corporation (NASDAQ: SPWR) are down 6.5% at $7.39 and shares of First Solar, Inc. (NASDAQ: FSLR) are down 3.5% at $27.68.
The Commerce Department has not yet released its full release, so we are considering this as being mostly unfinished business. Details and additional information could also end up being very different. Still, this punishment looks hardly like any punishment at all. Stay tuned.
JON C. OGG
Contact [email protected] for any questions or corrections.
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