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Chinese Solar Stocks May Be in for a Rough Landing

Solar earnings season begins next week, and Chinese solar companies have a lot to gain and lose. Worldwide installations are expected to grow to over 50 GW, and the U.S. alone is forecast to 6.6 GW, according to Greentech Media. 

But tariffs were recently put on Chinese solar imports, and companies who once sold into the growing U.S. market could be left out in the cold. Three of the biggest manufacturers in the world could be in for a rough quarter because of those tariffs. Trina Solar (NYSE: TSL  ) sold 32% of its panels into the U.S. in the first quarter, Yingli Green Energy (NYSE: YGE  ) sold 24% of its product, and Canadian Solar (NASDAQ: CSIQ  ) had 41% of its revenue come from the Americas and has 151 MW in project backlog in the region. 

In the video below, solar specialist Travis Hoium covers why it could be a rough quarter for these solar manufacturers. 

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Read/Post Comments (6) | Recommend This Article (1)

Comments from our Foolish Readers

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  • Report this Comment On July 24, 2014, at 2:12 PM, Waldo wrote:

    It amazes me that the U.S. government can take up the case of Germany's SolarWorld and try to squash these companies that employ tens of thousands of American in the solar industry. Talk about cutting your nose to spite your face. Is the real object of these tariffs to stall out and discourage solar energy in the U.S.? I smell a huge load of B.S.

  • Report this Comment On July 24, 2014, at 2:20 PM, Dapperdean wrote:

    Travis, can you comment on the WTO ruling status that may counteract the Tariff?

  • Report this Comment On July 24, 2014, at 2:54 PM, mrktmaker100 wrote:

    CSIQ will be sourcing its panels from their Canadian manufacturers, which will not have a tariff imposed.

  • Report this Comment On July 24, 2014, at 3:49 PM, smokey1 wrote:

    Travis doesn't know what he's talking about........

  • Report this Comment On July 24, 2014, at 3:51 PM, smokey1 wrote:

    For Real News Read the Article in PVenergy trends about China Solars had huge shipments to the US. Trina led with over 60% in additional shipments from Q1.

  • Report this Comment On July 25, 2014, at 7:00 AM, kthart wrote:

    The US is simply attempting to compete evenly against the subsidized products that flow through.

    The WTO ruling allowed for that distinction, but it will all be water over the bridge as the industry separates the wheat from the chaff. China is pulling back and letting inefficient solars implode.

    Travis, your talk about tariffs is so uninformed its almost funny.

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Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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