- ReneSola (SOL +12.4%) and Yingli (YGE +12.2%), beaten up along with other solar firms as oil prices plunged, are ending the week on a very strong note. Volumes for both firms are nearing their 3-month daily averages.
- The gains come days after the DOC made final decisions to impose new anti-dumping and countervailing duty tariffs on Chinese solar module exporters, with the goal of closing a loophole that allowed exporters to avoid prior tariffs (imposed in 2012) by using non-Chinese solar cells.
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JPMorgan and RBC have downplayed the ruling's impact on Chinese module makers: Both note Chinese firms are already relying heavily on locally-sourced cells, which are often cheaper than imported ones.