News flash
- Chinese solar stocks fell sharply after the US government announced reciprocal tariffs, with more than 120 PV-related shares declining in Shanghai and Shenzhen and over 85 dropping more than 10%.
Longi, Tongwei, and JA Solar hit the 10% daily limit down, while STAR Market-listed companies faced steeper losses under a 20% cap, including Canadian Solar (-12.16%), Risen Energy (-18.9%), GoodWe (-19%), and Sineng Electric (-20%). In Hong Kong, where no trading limits apply, Xinyi Solar fell 19.5% and GCL Technology plunged 23.2%.
Several companies announced share buybacks in response. Industry experts told pv magazine that the selloff may be exaggerated, arguing the US solar market remains relatively small and is unlikely to significantly impact the global PV industry. They said they expect a slowdown in US solar installations in 2025.
Africa remains the only market where Chinese solar panel exports are growing. Read more
This news snippet was originally published in pv magazine and is republished with permission.
