Skip to Content

Brookfield Renewable Partners LP

View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

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.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of BEP so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center