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“Ms. Ruemmler should not serve as a Goldman Sachs executive in any capacity,” Garcia wrote in the letter obtained by The Post.

Use.AI brings AI, knowledge, and collaboration into one system.

Wall Street Crowns First Solar As Clear Winner After Trump's Polysilicon Tariffs Create "Structural Floor" For Industry

Solar stocks are shining in premarket trading in New York after the Trump administration announced a new 15% tariff and a price floor on imports of polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules. The move is intended to secure the domestic solar supply chain after years of cheap Chinese panels flooding the country, making it uneconomical for domestic manufacturers to compete.

"Polysilicon is the base material underpinning the security of America's semiconductor and solar-power supply chains. Yet for decades, America has allowed foreign countries to weaken United States producers in the polysilicon sector ‑- eroding our economic and national security. Today, I am taking action to put a stop to these practices and revitalize the United States polysilicon sector," President Trump wrote in an overnight executive order.

The Trump administration's order is less a conventional tariff increase and more of a reset of the US solar-module pricing regime. The new framework, combining a 15% tariff with minimum import prices, could lift utility-scale module prices into the low-to-mid 40-cent-per-watt range from roughly 30 cents.

Analysts from several desks, including BMO Capital Markets, Truist Securities, Citi, and others, point to First Solar as the clear winner.

"We expect the immediate market reaction to favor FSLR given enhanced long-term pricing power and terminal value implications, while utility solar-exposed names including NXT, ARRY, SHLS and FLNC could face near-term pressure as investors reassess project economics and deployment costs," BMO analyst Ameet Thakkar wrote.

Thakkar noted, "In this report we analyze the structure and implementation of the new tariff framework, the implications for module pricing and domestic manufacturing economics, potential upside to FSLR valuation and ASPs, the 120-day implementation window, and our continued constructive view on NXT despite likely near-term volatility."

Moses Sutton at BNP Paribas outlined FSLR as the "biggest, long-awaited winner" and highlighted how a new "structural 'floor' for industry" is being created.

What other desks are saying (courtesy of Bloomberg):

Citi

• Analyst Vikram Bagri notes that the polysilicon tariffs are largely in line with expectations and sees upside for First Solar
• "For FSLR, the benefits are a minimum import price for poly/cells/ingots/wafers/modules, which may be adjusted at Commerce's discretion to reflect market conditions, a 15% ad valorem on downstream poly derivatives, application to warehoused inventory plus anti-stockpiling provisions"
• Notes that countries that adopt their own minimum import price may be able to claim favorable treatment for their exports to the US, which would be negative for US firms

Truist Securities

• Analyst Christopher Souther sees First Solar as the biggest beneficiary of the tariffs and notes that the company's module price is below the minimum import price
• "In our view, this further reinforces First Solar's competitive moat, as the company already benefits from a US-based manufacturing footprint, Section 45X tax credits, and existing trade protections"
• Notes that the exemption paths for US module manufacturers may reduce the benefit for First Solar in out years

Barclays

• Analyst Christine Cho sees the polysilicon tariffs raising the cost of imported modules to around $0.44 per watt
• "The Section 232 outcome is more positive for FSLR than we and the Street were expecting and would seem to support ASPs to move somewhere in the low to mid $0.40/w range"

In premarket trading, FSLR is up 4%, Enphase Energy +2%, Array Technologies +2%, SolarEdge Technologies +2%, and T1 Energy +6%. The Invesco Solar ETF (TAN) is up nearly 3%. 

Tyler Durden Fri, 08/07/2026 - 10:10

Parent trap?

Last month, the teen canceled her first headlining tour less than a week before opening night.

Last month, the teen canceled her first headlining tour less than a week before opening night.

It’s initiation week for the “Real Housewives of Orange County,” and the newbie is feeling all of the heat from her castmates. Our “Virtual Reali-Tea” co-hosts, Danny Murphy and Evan Real, are unpacking all the Dior drama in season 20 episode 5. Carmella Garcia offers Jennifer Pedranti $20,000 to pick out tiles, setting off red...

It’s initiation week for the “Real Housewives of Orange County,” and the newbie is feeling all of the heat from her castmates. Our “Virtual Reali-Tea” co-hosts, Danny Murphy and Evan Real, are unpacking all the Dior drama in season 20 episode 5. Carmella Garcia offers Jennifer Pedranti $20,000 to pick out tiles, setting off red...

The summer's hottest shows are filled with celebrity offspring, including the children of Cindy Crawford, Richard Gere, Bryan Cranston and more.

The summer's hottest shows are filled with celebrity offspring, including the children of Cindy Crawford, Richard Gere, Bryan Cranston and more.

The police department blasted the "Last Week Tonight" host after he criticized the agency's use of privately owned security cameras.

Speed is of the essence.

The deal stipulates that an armed attack on either of the three countries will be regarded as an attack against them all.

QR codes are reshaping how these tools can be used by small businesses and freelancers.

Cash is no longer king.

An Earth, Wind & Fire band member is in "critical condition" after they needed to be hospitalized for a "cardiac incident" Thursday night in San Francisco, fire officials told TMZ.

Cases will continue to climb, as August has historically been the month where most cases appear.

There were "mass layoffs" at a series of hip music sites — BrooklynVegan, Alternative Press, Revolver and Goldmine — this week.

The 20-year-old was with the Knicks at Summer League.

Houston, We Have A (Data) Problem...

Authored by Peter Tchir via Academy Securities,

Normally, you can find some parts of the job report that “fight” against the headline. That somewhere in the details is a potentially different narrative.

Maybe it’s because I’m lazy on a summer Friday, but difficult to see what it is in this report.

But let’s start with the most important point

Instead of worrying about Warsh, what he did or didn’t say, how often he might or might not say things, to who he may or may not speak to, maybe we should worry about making decisions based on garbage data?

As you know, I’ve argued for years that it seems insane that in this day and age, where we have real time data on almost every aspect of our lives, we are content to kind of stick a finger in the air, and take a wild stab at estimating jobs. I think the data source task force is the most important (and potentially useful thing Warsh has created). The data task force is too limited in scope, if anything.

Establishment headline is -23k. Estimate was 80k.

Revisions for past two months were -103k! Maybe the estimate would not have been for 80k, if the initial reports for the prior months reflected reality and didn’t need to be revised lower?

Not sure this is “good” news for the workers, but wage growth was anemic (even as the renewed fighting in the Middle East is pushing up the price of energy products).

The unemployment rate has dropped from 4.3% to 4.1% in the past two months. On the surface, maybe that is good. But the unemployment rate is based on the household survey which had a loss of 87k this month, which is “better” than last month’s loss of 507k jobs. The 4 month total number of jobs in the household survey is month than 600,000 lost jobs! The unemployment rate is only lower because the participation rate has dropped from 61.8% to 61.4% in two months (let’s not forget, this is occurring with record cap ex on data center/AI build).

Okay, now my “favorite” the birth/death model. I will admit I’m not sure how the seasonally adjusted birth/death model translates into a number of jobs in the establishment survey, but this “model” showed 235k jobs added by new businesses being formed. Maybe companies are being formed to take advantage of the AI/Data Center spend. It is in line with last July’s birth/death adjustment, so maybe it didn’t impact things. But I always struggle when “plugs” or “models” seem to be bigger than the actual numbers.

Honestly, I have no idea if today’s numbers are the aberration or whether it was what was originally reported, but that is the point!

How are we making decisions based on data that seems to be a wild guess (apologies to wild guesses)?

Sure, if there is no way to get better, more accurate, timely data, then we’d have to live with it. We had to live with carrier pigeons at one time.

I find it difficult to believe that a nation that put astronauts on the moon, cannot figure out a better way to calculate data that is so crucial to decision making!

So, yes, Houston, we have a problem, but the bigger problem isn’t today’s numbers, it is that we don’t really know what numbers are correct or not!

On the other hand, my view that we don’t see a hike this year looks better today, than it did a week ago (and that is with no “deal” in Iran, which any deal, will also help).

Tyler Durden Fri, 08/07/2026 - 09:40