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Brookfield Renewable Partners LP

BEP: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$57.00ZmzfCqkwzssb

Solar Stocks Set to Jump as Biden Provides Tariff Reprieve

Solar stocks are set to jump on June 6 after reports the Biden administration will announce actions to alleviate uncertainty associated with tariffs on imported solar panels. The Biden administration is expected to provide a two-year halt to new solar tariffs, allowing much-needed near-term certainty for developers. We note many industry participants have delayed projects as they awaited clarity on the tariffs. Additionally, Biden plans to use the Defense Production Act to provide support for U.S.-made solar panels. We view these actions as aimed at balancing continued buildout of solar projects in the near term to support decarbonization goals, while looking to increase U.S. solar manufacturing over time.

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