Trump Pushes to Cut Solar-Tariff Loophole for Two-Sided Panels

Solar trade group to ‘explore all options’ on latest move
Trump also seeks smaller tariff reduction than original plan

California Doomed To Frequent Blackout Risk By Battery Shortage — Photographer: Bing Guan/Bloomberg

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By Brian Eckhouse

October 11, 2020 at 4:34 PM EDT

Updated on

October 12, 2020 at 1:14 PM EDT

This article is for subscribers only.

Solar manufacturers and installers fell sharply Monday after President Donald Trump moved to eliminate a loophole his administration granted in 2019 that’s helped companies avoid tariffs on double-sided panels.

Manufacturer Canadian Solar Inc. dropped as much as 11%, the most in intraday trading in a month. Sunrun Inc., America’s largest residential solar company, also fell as much as 11% and JinkoSolar Holding Co. slipped as much as 9.6%.