U.S. prices for solar modules and polysilicon have risen, boosting shares of Hanwha Solutions and OCI Holdings in early trading.
According to the Korea Exchange, as of 10:40 a.m. on the 28th, Hanwha Solutions shares were trading at 32,550 won, up 3,150 won (10.71%) from the previous trading day. Another major solar stock, OCI Holdings, also saw an increase of 20,500 won (9.93%), trading at 222,700 won.
The rise in solar-related stocks is attributed to price increases by module suppliers in the U.S., which have led to higher prices for both modules and polysilicon.
According to the solar and energy storage platform Anza, the average price of imported modules was $0.27 per watt last month, but the median price proposed by suppliers after re-evaluation has risen to $0.38, a jump of approximately 40.7%.
With the introduction of a minimum import price (MIP) for polysilicon and its derivatives under the U.S. Trade Expansion Act Section 232, suppliers are believed to be reflecting related cost burdens in their pricing.
This price increase is seen as enhancing the negotiating power of domestic producers in the U.S. Hanwha Solutions operates solar module production facilities in the U.S., and the rise in prices for American-made products is expected to improve profitability.
Further price increases are also anticipated. Observers suggest that the upward trend in prices for solar modules in the U.S. may continue ahead of the implementation of related measures under the Trade Expansion Act Section 232 on December 4. The U.S. government plans to apply MIP to polysilicon and ingots, wafers, cells, and modules, along with imposing tariffs on certain products.
Hana Securities noted, "The recovery of solar company stock prices, which fell due to concerns over regulatory easing in China following the U.S.-China summit, is now possible."
* This article has been translated by AI.
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