Climate Changed
China's Solar Cutback Wiping Out Trump Bump for First Solar
- China’s plans to trim installations seen dragging prices down
- First Solar, SunPower, JinkoSolar shares have tumbled
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President Donald Trump said imposing solar tariffs would help domestic companies. But China’s surprise decision to slash installations is negating those gains, and shares of U.S. manufacturers are plunging.
First Solar Inc. has lost almost a quarter of its market value in the past week. SunPower Corp. is slumping too, as are the big Chinese solar companies that trade in the U.S. and Asia.