NOVA - Chinese solar product ban seen boosting First Solar

bombermoon/iStock via Getty Images First Solar ([[FSLR]] +7.1%) surges as much as 9%, its biggest intraday gain since January, following the Biden administration's narrowly focused ban on Chinese-made solar products from the Xinjiang region. The order affects the import of silica-based products made by Hoshine Silicon Industry Co., which is the major supplier of metallurgical silicon used to make polysilicon for customers including Daqo New Energy ([[DQ]] +0.6%). Daqo shares, which opened sharply lower, have rebounded and now trade higher. U.S. solar companies, which rely on imported photovoltaic panels, already had begun shuffling supply chains in anticipation of the action. The order should not affect the majority of imports, according to Height Capital analyst Benjamin Salisbury. Among other solar names: [[MAXN]] +10.9%, [[SPWR]] +4.7%, [[JKS]] +1.6%, [[SEDG]] +1.3%, [[CSIQ]] +0.9%, [[ENPH]] +0.5%, [[NOVA]] -3.2%, [[RUN]] -3.9%. ETF: [[TAN]] The news is "a positive for First Solar given they do not

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Chinese solar product ban seen boosting First Solar