Solar Selloff: Dump These 3 Chinese Stocks Before Biden Tariffs Scorch Profits

From InvestorPlace.: 2024-06-14 14:00:32

Recent tariffs announced by U.S. President Joe Biden on Chinese solar imports have hit Chinese solar stocks hard, leading to challenges such as overcapacity and declining prices.

JinkoSolar (JKS) faces a 100% tariff on its solar products, impacting its ability to compete in the U.S. clean energy sector as shown in its Q1 2024 earnings report.

Daqo New Energy (DQ), a major polysilicon manufacturer, is also struggling due to market saturation and decreasing demand for solar cells.

KraneShares MSCI China Clean Technology Index ETF (KGRN) is at risk with heavy investments in Chinese clean energy companies affected by declining demand and U.S. tariffs, resulting in negative returns for investors since 2017.



Read more at InvestorPlace.: Solar Selloff: Dump These 3 Chinese Stocks Before Biden Tariffs Scorch Profits