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Mon, October 15, 2012

Anti-Dumping Tariffs on Chinese Solar Products Range From 18.32% to 249.96%


Published on 2012-10-15 05:31:11 - Market Wire
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October 15, 2012 08:20 ET

Anti-Dumping Tariffs on Chinese Solar Products Range From 18.32% to 249.96%

Five Star Equities Provides Stock Research on Canadian Solar and JA Solar

NEW YORK, NY--(Marketwire - Oct 15, 2012) - Chinese solar stocks have struggled in 2012 as numerous allegations that companies were "dumping" products at a loss have led to anti-dumping duties on solar cells imported from China. The tariffs, which were upheld by the U.S. Commerce Department last week, range from 18.32 percent to 249.96 percent. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on Canadian Solar Inc. (NASDAQ: [ CSIQ ]) and JA Solar Holdings Co., Ltd. (NASDAQ: [ JASO ]).

Access to the full company reports can be found at:
[ www.FiveStarEquities.com/CSIQ ]
[ www.FiveStarEquities.com/JASO ]

China has demanded that the U.S. repeal the steep anti-dumping measure as they fear it will price out Chinese producers from the American market. The tariffs add another burden to Chinese manufacturers who are already struggling with major losses as a result of slowing demand and falling prices. A spokesman for Yingli Green Energy Holding Co. has already said that the tariffs of roughly 30 percent on the company would make it unprofitable to sell in the U.S., as the gross profit margins for the industry are around 10 percent.

"The United States is inciting trade friction in new energy and sending a negative signal to the whole world about protectionism and obstructing the development of new energy development," Ministry of Commerce spokesman Shen Danyang said in a statement. "We hope the U.S. side will correct its erroneous action with early termination of the trade remedy measures," Shen added.

Five Star Equities releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.FiveStarEquities.com ] and get exclusive access to our numerous stock reports and industry newsletters.

"While we are disappointed with the DOC final determination, we will continue to defend our position with the ITC ahead of its final determination in November. We will also remain committed to the U.S. solar energy market, leveraging our global supply-chain to provide fairly priced solar energy solutions, to support our employees, partners and customer base," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.

JA Solar is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The company has recently commenced solar module shipments from successful bids totaling 70MW with China Guangdong Nuclear Solar Energy.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
[ www.FiveStarEquities.com/disclaimer ]


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