India's solar manufacturer stocks tank after preliminary US duties on imports - Reuters
India's solar manufacturer stocks tank after preliminary US duties on imports Reuters
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Notable Quotes
"Shares of Waaree Energies, Premier Energies and Vikram Solar came under pressure after the US announced preliminary duties on solar imports from India."
— Ravi Singh , Executive
"The move to impose preliminary duties on solar imports is negative for these companies."
— Kranthi Bathini , Executive
"The preliminary U.S. countervailing duties are a major setback for Indian solar manufacturers that relied heavily on exports to the U.S. market."
— Rajan Kalsotra , Executive
"With the U.S. accounting for the overwhelming share of exports, producers now face a dual dilemma of excess capacity and restricted market access."
— Rajan Kalsotra , Executive
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<a href="https://news.google.com/rss/articles/CBMi1gFBVV95cUxPamRsVGVjOGdJTThDb0JhWjlDMFVOWFMzRzZUTW8xV2RYMnBlWEEwTlFqaXdXQmtjM3hWYzJISDJTUHVhMVNRZ0R5ZnBHR0oxaF9SSUVqb1ZrVUp3ak9vcHhQWWJiRlBQczR4T3ZVZDFFVWpscXZ0SVZNdDJRWVRJRThjZ0ZBMGUwZC16ZWp3LUcxTUl3RUhYODhYbC1zd0paS0RVZUpIT0NwOHRwYjBlYk1Lal9aUktteUllQWtYQl9RaFE5a0xZM0hVMXdXMFZWUmFqd0xB?oc=5" target="_blank">India's solar manufacturer stocks tank after preliminary US duties on imports</a> <font color="#6f6f6f">Reuters</font>
Shares of Indian solar and renewable energy companies, including Waaree Energies, Premier Energies, and Vikram Solar, declined sharply after the US imposed preliminary countervailing duties of 126% on certain solar products imported from India, citing unfair government subsidies.
Indian solar manufacturers like Waaree Energies and Vikram Solar faced significant stock drops after the US imposed hefty preliminary duties of up to 126% on imports from India, citing unfair subsidies.
Shares of Waaree Energies, Premier Energies, and Vikram Solar dropped as much as 15% following the announcement by the US of preliminary tariffs of 126% on solar imports from India, with concerns over the impact on export-oriented businesses and investment plans.
Shares of India's top solar panel maker, Waaree Energies, tanked 10%, while Premier Energies and Vikram Solar fell 5% and 4%, respectively, as the U.S. imposed preliminary countervailing duties on solar imports from India, citing unfair subsidies.
Shares of Waaree Energies, Premier Energies, and Vikram Solar fell sharply after the US announced preliminary duties of nearly 126% on solar imports from India, with analysts expressing concerns over potential risks to exports and margins.
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