Impact of US Anti-Dumping Duty on Solar Equipment: Focus on Premier Energies and Waaree Energies

Market Movement

On Tuesday, Premier Energies and Waaree Energies came into focus amid trading activity following recent policy changes from the United States regarding solar imports. Premier Energies' share price rose over 5% during the session, while Waaree Energies also experienced notable movement on the bourses.

US Implements Tariffs on Southeast Asian Solar Imports

The United States has introduced significant anti-dumping tariffs on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. These duties, stemming from an investigation launched during former President Joe Biden's administration, are intended to limit imports perceived to threaten domestic production.

• Following its withdrawal from the probe, Cambodia faces the highest countrywide duty at 3,521%.
• Vietnam's unspecified firms may see duties up to 395.9%.
• Thailand is subject to tariffs of 375.2%.
• Malaysia's imports are taxed at 34.4% across the board.

Additionally, the following company-specific duties were detailed:

• Jinko Solar: ~245% from Vietnam, 40% from Malaysia.
• Trina Solar: 375% from Thailand, over 200% from Vietnam.
• JA Solar: Approximately 120% of exports are from Vietnam.

According to BloombergNEF, solar equipment imports from these four nations contributed to around 77% of the US's total module imports last year, valued at $12.9 billion.

Company Details

Premier Energies Share Price

• Opening Price: ₹1,035 per share
• Intraday Low: ₹1,018.65 per share
• Price Movement: Over 5% increase during Tuesday's session

Premier Energies witnessed a sharp uptrend in its share price following the announcement of the new US duties.

Waaree Energies Share Price

• Opening Price: ₹2,520 per share
• Intraday High: ₹2,574.45 per share
• Intraday Low: ₹2,515 per share

Waaree Energies also experienced heightened market activity, which aligned with the broader impact of international trade developments on the solar sector.

Summary

Premier Energies and Waaree Energies attracted investor attention after the US government imposed steep anti-dumping duties on solar equipment imported from Cambodia, Vietnam, Malaysia, and Thailand. These policy changes are expected to influence the global solar supply chain and the companies connected to this sector. As significant suppliers to the US, the newly introduced tariffs could reshape trade dynamics and shift demand patterns in the solar energy market.