Saturday Dec 03, 2022

U.S. solar companies seek Senate action on budget bill (NYSE:JKS) – Seeking Alpha

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More than 400 U.S. solar and energy storage companies implored Congress on Tuesday to pass a budget reconciliation bill containing solar downstream and manufacturing supports, PVTech reports.

Renewed lobbying efforts follow reports that Senate leadership has launched last-ditch efforts to break the deadlock and secure the votes to pass the package.

Some lawmakers asked U.S. customs officials Tuesday to explain why JinkoSolar (NYSE:JKS) and two other Chinese solar energy companies were excluded from a list of importers whose products are banned under a new law aimed at cracking down on forced labor, Reuters reports.

The Uyghur Forced Labor Prevention Act took effect last month to cut U.S. purchases of products from Xinjiang, where Chinese authorities reportedly have established forced labor camps for ethnic Uyghurs and other Muslim groups.

Other potentially relevant tickers include (NYSEARCA:TAN), (FSLR), (SPWR), (NASDAQ:ENPH), (SEDG), (RUN), (CSIQ), (NOVA), (SOL), (MAXN), (DQ).

The International Energy Agency warned in a recent report that China will soon produce 95% of the world’s solar supply chain.

Source: https://seekingalpha.com/news/3856243-us-solar-companies-seek-senate-action-on-budget-bill?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain%7Csection%3Aenergy

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