Asia Solar Manufacturers Soar After U.S. Says No to Tariff Probe
- Critics had warned move would drive up solar panel prices
- Agency may revisit ruling if U.S. group reveals members’ names
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Chinese solar manufacturers are surging after the U.S. rejected a request to investigate whether they were circumventing existing tariffs, a move that critics warned would drive up costs for clean power and escalate tensions with China.
Canadian Solar Inc., which produces panels in China, climbed as much as 16% Thursday, the most intraday in more than 19 months, and JinkoSolar Holding Co. gained 12% in New York. GCL-Poly Energy Holdings Ltd. rose 7.1% in Hong Kong.