U.S. solar tariffs boost First Solar's near-term outlook but offer little long-term relief.
We plan to raise our First Solar fair value estimate by 10% after incorporating the potential impacts from the Trump administration’s decision of Jan. 22 to approve duties on solar equipment made outside of the United States. We are reaffirming our no-moat and stable moat trend ratings.The tariffs do not affect our long-term bearish view. We still expect competition to erode returns throughout the industry by lowering sales prices and requiring more investment in innovation; this will only be p...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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