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Investing

Solar Panel Makers Seek Retroactive Duty Payments (STP, TSL)

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By Paul Ausick Published

The complaint filed by the US division of Germany’s Solarworld AG and six other US solar panel makers with the US International Trade Commission in October has been amended to include a demand for retroactive payments by Chinese solar panel suppliers, effective with shipments sent to the US on or after November 15th. A ruling on the complaint is due February 13th.

Solarworld claims that Suntech Power Holdings Co. Ltd. (NYSE: STP) and Trina Solar Ltd. (NYSE: TSL) rose dramatically as the companies boosted exports to the US to beat the end of year deadline for a federal grant program. An attorney for Solarworld told Bloomberg News that Suntech increased exports to the US by 76% in November compared with October, and that Trina tripled shipments to the US in the first half of December.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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