First Solar Soars as U.S. Imposes New Tariffs on Southeast Asian Solar Panels

Shares of First Solar Inc. (NASDAQ: FSLR) jumped following the U.S. Department of Commerce’s announcement of new tariffs on solar panels from Southeast Asia. These tariffs primarily target imports from Malaysia, Vietnam, Thailand, and Cambodia, impacting Chinese-linked goods. The move is aimed at bolstering domestic manufacturers against alleged unfair trade practices by foreign rivals.