US tariffs on Chinese solar products
The US will put new tariffs and price floors on imported polysilicon and solar panels from December, aimed mainly at Chinese supply, and has moved to stop importers stockpiling ahead of them. Hanwha Solutions and OCI Holdings make solar products inside the US, so the protection favours them over other Korean companies.
What changed
We raised our expected return for Hanwha Solutions and OCI Holdings against the rest of large Korean companies.
| Symbol | Without it | With it | Change |
|---|---|---|---|
| Hanwha Solutions009830 | 8.76% | 10.50% | +1.73pp |
| OCI Holdings010060 | 8.53% | 10.41% | +1.89pp |
Each stock as it stands now, and without this story. Figures are annual expected returns (arithmetic means). They are not a forecast or a promise.