Analyst Says UFLPA Release for Solar Panels Could Mean More Imports Coming

A Roth Capital analyst said that JinkoSolar modules detained on suspicion of forced labor "may have just been released" by CBP, and the analyst believes "this could result in a ramp up of volume and imports.” JinkoSolar “likely has a substantial amount of Hoshine WRO & UFLPA backlog to get through,” the analyst said.

The analyst said the wafers for these modules are made in Vietnam, so they should not be part of the anti-circumvention duties. But, the analyst said, this is only "an incremental positive" for utility-scale panel installers, because the analysts' research results "suggest a meaningful watch-out ahead may be CBP turning its attention beyond the top importers. We could end up being in a two steps forward, one step back situation." CBP said it could not confirm the release by our press time.