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Guest Klothilde

First Solar (FSLR)

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dydo    1,425

Cowen analyst Jeffrey Osborne weighed in after the ITC found harm from solar imports as part of the Section 201 trade case.

Osborne sees this as a net negative for domestic demand trends; however, the magnitude is unknown and will likely become apparent into the Oct. 31 vote and Nov. 13 recommendation to Trump.

In the near term, the news supports First Solar (NASDAQ: FSLR) and is negative for SunPower (NASDAQ: SPWR)/Canadian Solar (NASDAQ: CSIQ).

"... we expect support for FSLR shares as the trade complaint does not factor in non-silicon based modules such as what FSLR produces," the analyst commented.

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