Cap_00
Sep 30, 7:12 PM
$FSLR This was the headline on Aug 6th when Section 232 was ruled:
$FSLR
- Yesterday’s Section 232 decision looks more meaningful than just another solar tariff headline.
The new framework sets a
$0.38/W minimum import price for modules + a 15% tariff on downstream polysilicon products from Dec. 4. Across the notes, the message is unusually consistent: this creates a much firmer U.S. module pricing floor and materially improves the setup for First Solar.
Goldman calls the decision “most positive for FSLR” and estimates the pricing effect could add roughly
$12–20/share of incremental EPS.
RBC similarly calls it a “favorable outcome”, while UBS sees FSLR as the “largest beneficiary.”
Deutsche Bank goes furthest: it estimates FSLR could price around
$0.40/W and sees potential 2028 EPS approaching
$40 vs. ~
$24 currently modeled.
The stock jumped up 10% to above
$250. It has since given back a 30% drawdown. All the while the management reiterated guidance and booked record profits. wow
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