NOVA - U.S. trade court reinstates tariff exemption for bifacial panels

First Solar (FSLR -7.5%) sinks after the U.S. Court of International Trade reinstates bifacial solar module exemptions from Section 201 tariffs on imported solar modules. Originally granted in June 2019, the exclusion for bifacial modules was revoked by the Trump Administration in October 2020. According to Solar Power World, the decision means imported bifacial modules are once again exempt from the tariffs, effective immediately; the Section 201 tariffs are back to 15%, and any imports from the past year under the adjusted 18% tariff are eligible for refunds with interest. The Solar Energy Industries Association, along with co-plaintiffs NextEra Energy (NEE -0.5%), Invenergy Renewables and EDF Renewables, had petitioned the U.S. CIT to reinstate the exemption. Potentially relevant tickers include TAN, MAXN, SPWR, BEEM, SUNW, RUN, NOVA, ENPH, DQ, ARRY, SOL, SEDG, HASI, JKS, AZRE, CSIQ First Solar also fell last week when the U.S. said it would not open an

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U.S. trade court reinstates tariff exemption for bifacial panels