ABTrades1
Nov 2, 4:42 PM
$TOYO hit
$5.03 today, up 11% at the high, through both the 4.87 August high and the
$5 mark that held since September. The whole sector is up on election eve. There is also a TOYO specific reason.
The new US duties on solar cells and modules from India, Indonesia and Laos take effect today. Combined antidumping and countervailing rates: up to 249% on India, up to 268% on Indonesia, up to 219% on Laos. The ITC confirmed injury on Oct 14 and the orders followed.
Those three countries are where US cell imports moved after the 2025 duties on Vietnam, Thailand, Malaysia and Cambodia. From today that supply costs two to three times more, and US module makers need another source of cells.
TOYO makes 4 GW of duty free cells in Ethiopia, and US Customs cleared them four days ago after a full supply chain review. There are not many duty free, Customs checked cell suppliers left.
$TAN $FSLR $TE $CSIQ
0 replies
