Well that’s quite contrarian. Playing the price action > news. SPWR looks oversold and has found support on my 8-hour candle chart. Seeking a break above this 8.00 support.
Trumps 30% tariff won’t have significant effect on import revenues for at least an entire year. And I think more exceptions will be handed out. The play is that SPWR will be handed at least some exceptions for certain divisions the way FSLR was shown mercy.
There’s cautionary optimism exuded by American solar companies, since a tariff would likely raise prices (drop in supply), and loss of jobs (decrease in supply-chain).
Target entry: EOD approx., 8.00 // Stop: 7.79