U.S. trade agency will seek to extend tariffs on imported solar equipment

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• First Solar (FSLR +2.7%) jumps on news that the U.S. International Trade Commission recommends an extension of Section 201 tariffs on imported solar cells and modules.
• The tariffs were imposed by the Trump administration in 2018.
• Other solar names are mixed, with SPWR +0.6%, MAXN +0.9% and ENPH +1.3%, but JKS -1.7%, RUN -1.5%, CSIQ -0.6% and SEDG -0.6%.
• ETF: TAN
• President Biden is expected to make a final decision before the four-year tariff is scheduled to expire in February.
• Last week, the U.S. Court of International Trade reinstated bifacial solar module exemptions from Section 201 tariffs.