SUNW - U.S. ruling seen as negative for First Solar positive for most others

First Solar (FSLR +2.1%) shares move higher even as analysts see the U.S. rejection of an attempt by a group of domestic solar manufacturers to seek tariffs on panels imported from some south Asian countries as a negative for the company. ETF: TAN Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on First Solar, saying the Department of Commerce's denial is a negative outcome for the company and Maxeon Solar (MAXN +4.2%) since tariffs could have raised prices "meaningfully" for their U.S. competitors. Byrd believes the news is positive for other U.S. solar players, since the decision will allow business to move forward more smoothly and lower risks of project delays for large scale developers such as NextEra Energy (NEE +0.2%) and AES Corp. (AES +3.4%), rooftop installers Sunrun (RUN +7.2%) and SunPower (SPWR +2.7%), and component manufacturers supplying solar projects such as Array Technologies (ARRY +7.6%), Shoals Technologies

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U.S. ruling seen as negative for First Solar, positive for most others