DQ - Canadian Solar patent case to be investigated by ITC
The International Trade Commission says it will investigate a patent infringement complaint that seeks to block imports of solar panels made in Asia by Canadian Solar (CSIQ), Hanwha Q Cells and Boviet Solar.Photovoltaic biosensor manufacturer Advanced Silicon Group Technologies claims the companies are using its patented inventions for PV cells with nanostructures and nanowires.Canadian Solar says Advanced Silicon Group does not make nanostructured solar modules and has not licensed the technology for use in other solar modules but instead for use in the medical industry.Canadian Solar shares settled -5.8% in today's trading, but solar companies across the board fell hard: [[SPWR]] -14.6%, [[MAXN]] -9.6%, [[RUN]] -8.5%, [[JKS]] -8.2%, [[NOVA]] -7.6%, [[SEDG]] -7.5%, [[ENPH]] -7.2%, [[SOL]] -5.8%, [[DQ]] -4.7%, [[FSLR]] -2.9%.The top solar ETF (TAN) tumbled 5.3% today and has now dropped 20% YTD.Helped by talk of potential legislation that would offer tax credits for each stage of the solar manufacturing supply
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Canadian Solar patent case to be investigated by ITC