tl;dr

U.S. President Joe Biden has imposed sweeping increases in tariffs on a wide array of Chinese imports, aiming to shield American workers and companies from China’s unfair trade practices. This move represents the latest escalation in the ongoing U.S.-China trade war and affects $18 billion worth of ...

U.S. President Joe Biden has imposed sweeping increases in tariffs on a wide array of Chinese imports, aiming to shield American workers and companies from China’s unfair trade practices. This move represents the latest escalation in the ongoing U.S.-China trade war and affects $18 billion worth of imports from China, including steel, aluminum, semiconductors, electric vehicles (EVs), batteries, solar cells, medical products, and ship-to-shore cranes. Under Section 301 of the Trade Act of 1974, the tariff rate on specific steel and aluminum products will surge from 0–7.5% to 25% in 2024, while tariffs on semiconductors are set to double to 50% by 2025. Of significant note, tariffs on EVs are slated to soar from 25% to 100% in 2024 in a bid to address the “substantial risks of overcapacity” as stated by the White House. This decision comes in light of China’s 70% growth in EV exports from 2022 to 2023, which has posed a threat to production investments elsewhere. Tariffs on lithium-ion EV batteries will increase from 7.5% to 25% in 2024, with a similar increase slated for lithium-ion non-EV batteries in 2026. The tariff rate on battery parts will also jump from 7.5% to 25% in 2024. Furthermore, the tariff rate on solar cells will climb from 25% to 50% in 2024 to safeguard against the effects of "China’s policy-driven overcapacity that depresses prices and inhibits the development of solar capacity outside of China". The Biden administration is also set to introduce a 50% tariff on syringes and needles and a 25% tariff on ship-to-shore cranes. Related EV stocks affected by these changes include Tesla (TSLA), Ford (F), General Motors (GM), Stellantis (STLA), Nio (NIO), XPeng (XPEV), and Li Auto (LI). For solar industry players, those impacted include First Solar (FSLR), SunPower (SPWR), Enphase Energy (ENPH), Sunrun (RUN), SolarEdge (SEDG), Canadian Solar (CSIQ), JinkoSolar (JKS), Bloom Energy (BE), NextEra Energy (NEE), and Sunnova Energy (NOVA). Notably, steel and aluminum stocks that will feel the effects of these measures include Cleveland-Cliffs (CLF), U.S. Steel (X), ArcelorMittal (MT), Steel Dynamics (STLD), Thyssenkrupp (OTCPK:TYEKF) (OTCPK:TKAMY), Reliance Steel (RS), Nucor (NUE), Alcoa (AA), Century Aluminum (CENX), and Constellium (CSTM). In the semiconductor sector, companies such as Taiwan Semiconductor (TSM), Nvidia (NVDA), AMD (AMD), Intel (INTC), Broadcom (AVGO), Micron (MU), Applied Materials (AMAT), Lam Research (LRCX), and KLA Corp (KLAC) are expected to be impacted by these tariff increases.

More about Tesla Inc

Company: Tesla Inc

Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies

Revenue: $53,728,451,000

Operating Margin: 43.09%

Dividend Yield: None

Beta: 3.91

52-Week High: $948.00

52-Week Low: $179.90

Price to Earnings Ratio (P/E): 0.534

Earnings Per Share (EPS): -0.087

More about Ford Motor Company

Ford Motor Company Summary

Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan.

Industry

Manufacturing, Motor Vehicles & Passenger Car Bodies

Financial Data

Revenue: $47,643,824,000

Profit Margin: 12.36%

Return on Assets: 0.6

Return on Equity: 0.97

Current Stock Price: $44.43

Earnings per Share: $0.0221

Market Cap: $177,494,000,000

Price-to-Earnings Ratio: 13.5

Beta: -0.25

Dividend Yield: 3.1%

More about General Motors Company

General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.

Industry: MANUFACTURING

Sector: MOTOR VEHICLES & PASSENGER CAR BODIES

Revenue: $51,582,800,000

Profit Margin: 5.52%

Dividend Yield: 0.39%

Price to Earnings (P/E) Ratio: 8.19

Market Cap: $134.13 billion

Debt to Equity Ratio: 0.0613

Total Cash: $174,871,003,000

Current Stock Price: $53.44

Price to Book (P/B) Ratio: 0.515

Return on Equity (ROE): 7.6%

More about Stellantis NV

Stellantis NV is dedicated to the design, engineering, manufacture, distribution, and sale of passenger cars, trucks, SUVs, and light commercial vehicles worldwide. The company is headquartered in Lijnden, the Netherlands.

Sector: Manufacturing

Industry: Motor Vehicles & Passenger Car Bodies

Market Cap: 653.07B

P/E Ratio: 3.43

EPS: 1.55

Dividend Yield: 6.38%

52-Week High: 60.99

52-Week Low: 0.0981

Revenue: 189.54B

Operating Margin: 29.54%

Return on Equity: -0.117

Revenue per Share: -0.005

More about Nio Inc Class A ADR
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Nio Inc Class A ADR, NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.

Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES

Market Cap: 109.63B

Dividend Yield: None

Beta (5Y Monthly): -1.72

PE Ratio (TTM): 32.71

EPS (TTM): -0.38

Revenue (TTM): 55.62B

1-Year Target Est: 9.28

Previous Close: 0

Price: 0.065

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More about Xpeng Inc

Xpeng Inc Summary

Xpeng Inc. designs, develops, manufactures and markets smart electric vehicles in the People's Republic of China. The company is headquartered in Guangzhou, the People's Republic of China.

Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies

Stock Symbol: 7714231000

Previous Close: $35.24

Change: -1.65

Market Cap: $30.676 billion

Price-Earnings Ratio: 13.96

EPS: -0.385

Dividend Yield: 1.539%

More about Li Auto Inc

Li Auto Inc. Stock Analysis Summary

Li Auto Inc. designs, develops, manufactures and sells smart electric sport utility vehicles (SUVs) in China. The company is headquartered in Beijing, China.

Industry Information

Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies

Financial Data

Market Cap: $26.81 billion

PE Ratio: 17.33

Dividend Yield: None

EPS: $1.54

Stock Price: $125.87

52-Week Change: 9.45%

Shares Outstanding: 1.238 billion

Beta: 47.13

Volatility: 20.69%

Debt to Equity: 1.364

More about First Solar Inc

First Solar Inc Summary

First Solar, Inc. offers solar photovoltaic (PV) solutions in the United States, Japan, France, Canada, India, Australia, and internationally. The company is headquartered in Tempe, Arizona.

Sector: MANUFACTURING

Industry: SEMICONDUCTORS & RELATED DEVICES

Market Cap: 20.05B

P/E Ratio: None

EPS: 9.53

52-Week High: 33.36

52-Week Low: 0.287

Volume: 3.564B

Average Volume: 228.23

Dividend Yield: 4.514%

Beta: 0.448

More about SunPower Corporation

SunPower Corporation Stock Analysis Summary

SunPower Corporation offers solar solutions globally. The company operates in the manufacturing sector, specifically in semiconductors and related devices.

Current Stock Data:

Market Cap: 403,597,000

Dividend Yield: None

EPS: -1.3

P/E Ratio: 9.63

PEG Ratio: -0.147

Volume: 1,685,222,000

Current Price: 3.24

Change: -0.628

Change %: -0.282

More about Enphase Energy Inc

Enphase Energy Inc

Enphase Energy is an American energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 14.74 billion

Current Price: $55.85

Dividend Yield: None

P/E Ratio: 1.94

EPS: 13.43

Beta: 0.151

Revenue: 1.828 billion

Net Income: 125.86 million

Debt to Equity: -0.874

Return on Equity: -0.637

More about Sunrun Inc

Sunrun Inc. Summary

Sunrun Inc. is dedicated to the design, development, installation, sale, ownership and maintenance of residential solar energy systems in the United States. The company is headquartered in San Francisco, California.

Industry and Financial Data:

Industry: MANUFACTURING, HEATING EQUIP, EXCEPT ELEC & WARM AIR; & PLUMBING FIXTURES

Revenue: $2,495,926,000

Net Income: -$6.69

EPS: $9.76

ROE: -0.682

Market Cap: $2,128,152,000

PE Ratio: 19.57

Dividend Yield: 7.73

Beta: -0.223

More about SolarEdge Technologies Inc
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SolarEdge Technologies Inc,SolarEdge Technologies, Inc. designs, develops and sells optimized direct current (DC) inverter systems for solar photovoltaic (PV) installations worldwide. The company is headquartered in Herzliya, Israel.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 2.809574 billion

Dividend Yield: None

EPS: -4.6

Stock Price: $39.39

Change: -0.117

Revenue: 2.237038 billion

PE Ratio: 76.81

ROE: 6.6

Debt to Equity: -0.783

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More about Canadian Solar Inc

Canadian Solar Inc. - Stock Analysis Summary

Canadian Solar Inc. is a company based in Guelph, Canada, specializing in the design, development, manufacturing, and sale of solar ingots, wafers, cells, modules, and other solar energy products.

Sector: Manufacturing, Semiconductors & Related Devices

Market Cap: 1.038 billion

Price/Earnings Ratio: 4.057

Dividend Yield: None

Current Stock Price: $3.87

52-Week High: $116.46

52-Week Low: $0.036

Volume: 7.613 billion

EPS: $29.52

Change: -0.714 (-0.137%)

More about JinkoSolar Holding Company Limited

JinkoSolar Holding Company Limited Summary

JinkoSolar Holding Co., Ltd. is engaged in the design, development, production, and marketing of photovoltaic products. The company is headquartered in Shangrao, the People's Republic of China.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 1,225,923,000

PE Ratio (TTM): 3.342

EPS (TTM): 0

Current Yield: 7.1%

52-Week High: 2242.03

52-Week Low: 0.0276

Revenue (TTM): 118,393,807,000

Price: $27.06

Change: -0.642

Change (%): -0.012

More about Bloom Energy Corp

Bloom Energy Corp

Bloom Energy Corporation designs, manufactures and sells solid oxide fuel cell systems for on-site power generation in the United States, Japan, China, India, and the Republic of Korea. The company is headquartered in San Jose, California.

Sector: MANUFACTURING

Industry: ELECTRICAL INDUSTRIAL APPARATUS

Market Cap: $2,533,543,000

Dividend Yield: N/A

Forward P/E Ratio: N/A

Price/Earnings Growth Ratio: -1.42

Price/Sales Ratio: 5.95

Price/Book Ratio: -0.223

Shares Outstanding: 1,293,577,000

Current Price: $17.45

50-Day Moving Average: $0.00

200-Day Moving Average: -0.145

More about Nextera Energy Inc

Nextera Energy Inc

NextEra Energy, Inc. is an American energy company with about 46 gigawatts of generating capacity, revenues of over $17 billion in 2017, and about 14,000 employees throughout the US and Canada. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources, NextEra Energy Partners, Gulf Power Company, and NextEra Energy Services.

ENERGY & TRANSPORTATION - ELECTRIC SERVICES

Stock Symbol: 151603773000

Current Price: $20.16

Dividend Yield: 1.918%

Price/Earnings Ratio: 3.66

Beta: 13.3

Market Cap: $27,129,000,000

52-Week High: $73.54

52-Week Low: $0.058

Change from 52-Week High: -0.147

More about Sunnova Energy International Inc

Stock Analysis: Sunnova Energy International Inc. (Ticker: NOVA)

Sunnova Energy International Inc. provides residential solar energy and energy storage services in the United States. The company is headquartered in Houston, Texas.

Sector: ENERGY & TRANSPORTATION

Industry: ELECTRIC & OTHER SERVICES COMBINED

Current Stock Price: $49.96

Market Cap: $7.19 billion

Change: -3.4%

Year-to-Date Return: 5.98%

EPS: -0.565

Volume: 719.86 million

Dividend Yield: 11.98%

Beta: 0

Chg %: -0.005

More about Cleveland-Cliffs Inc

Cleveland-Cliffs Inc. is an independent iron ore mining company in the United States, Canada, and internationally. The company is headquartered in Cleveland, Ohio.

Sector: ENERGY & TRANSPORTATION

Industry: METAL MINING

Market Cap: 8,235,244,000

Current Price: $23.09

Dividend Yield: None

P/E Ratio: 0.75

52-Week High: $43.43

52-Week Low: $17.8

Revenue: 21,899,999,000

EPS: $21.39

Volatility: 0.792

Performance (Month): -1.8%

More about ArcelorMittal SA ADR

Company: ArcelorMittal SA ADR

Description: ArcelorMittal owns and operates steelmaking and mining facilities in Europe, North and South America, Asia and Africa. The company is headquartered in Luxembourg City, Luxembourg.

Industry: Manufacturing, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Market Cap: 20,518,334,000

Current Price: $26.31

Price Change: $0.5 ( 0.97%)

52-Week Range: $39.82

Dividend Yield: 0.0115

Revenue: 66,055,999,000

EPS: $32.57

EPS Change: -$0.087 (-0.12%)

More about Steel Dynamics Inc

Steel Dynamics, Inc. is a steel producer and metal recycler in the United States.

Industry: Manufacturing - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Market Cap: 21.35B

PE Ratio: 9.25

EPS: 1.735

ROE: 14.61%

52-week High: $113.86

52-week Low: $0.129

Annual Revenue: 18.596B

Free Float: 1.2B

Free Float Pct: -0.008%

Beta: -0.041

More about Reliance Steel & Aluminum Co

Company: Reliance Steel & Aluminum Co

Industry: Metal Service Center

Headquarters: Los Angeles, California

Sector: Trade & Services

Subsector: Wholesale-Metals Service Centers & Offices

Market Cap: $16.83 billion

Current Price: $13.68

Dividend Yield: 4.1%

P/E Ratio: 21.43

52-Week High: $249.94

52-Week Low: $0.0867

Revenue: $14.485 billion

Net Income: $358.4 million

EPS (Earnings Per Share): -0.187

EPS Growth (YoY): -0.081

More about Nucor Corp
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Nucor Corp

Nucor Corporation is a producer of steel and related products based in Charlotte, North Carolina.

Industry: MANUFACTURING, STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)

Market Cap: 41,831,277,000

Current Price: 10.26

Price/Earnings Ratio: 2.1

Dividend Yield: 17.01

52-Week High: 138.14

52-Week Low: 0.124

Shares Outstanding: 3,414,060,400

EPS: 189.06

Beta: -0.224

Volatility: -0.066

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More about Alcoa Corp

Alcoa Corporation Stock Analysis Summary

Alcoa Corporation, a manufacturer of bauxite, alumina, and aluminum products, operates globally, with headquarters in Pittsburgh, Pennsylvania.

Industry: Manufacturing

Primary Production of Aluminum

Market Cap: $6.67 billion

Dividend Yield: 0.4%

Price Change: -3.76%

52-Week High: $58.79

52-Week Low: $36.25

RSI (Relative Strength Index): 58.79

Price/Earnings Ratio: -0.0641

Volume: 10,480,000

Beta: 0.81

EPS (Earnings Per Share): -0.027

More about Century Aluminum Company

Century Aluminum Company Analysis

Century Aluminum Company produces standard quality and value-added primary aluminum products in the United States and Iceland. The company is headquartered in Chicago, Illinois.

Sector: Manufacturing

Primary Production of Aluminum

Market Cap: $1,588,886,000

EPS: 7.76

Dividend Yield: None

Price to Earnings Ratio (P/E): 2.21

52-Week High: $22.95

52-Week Low: $0.108

Average Volume: 2,122,500,000

Current Ratio: 17.5

Return on Equity (ROE): -0.796

Return on Assets (ROA): -0.114

More about Constellium Nv

Constellium Nv Stock Analysis

Industry: MANUFACTURING, SECONDARY SMELTING & REFINING OF NONFERROUS METALS

Market Cap: 2971637000

Current Price: $23.26

Dividend Yield: 0.87%

52-Week Range: $47.79

Price/Earnings Ratio: 0.0173

Volume: 7014000000

EPS: $25.1

Relative Strength Index: -0.214

Moving Average: -0.115

More about Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company, Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of Taiwan's largest companies, the world's most valuable semiconductor company, and the world's largest dedicated independent (pure-play) semiconductor foundry, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. It is majority owned by foreign investors.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 774.21 Billion

Price-Earnings Ratio: 28.81

Dividend Yield: 5.18%

52-Week Price Range: 54.13 - 151.97

Beta (5Y Monthly): 0.382

Market Cap (intraday) 5: 2.25 Trillion

EPS (TTM): 0.09

Forward Dividend & Yield: 0.165 (9.02%)

More about NVIDIA Corporation

NVIDIA Corporation Analysis Summary

NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Sector: MANUFACTURING

Industry: SEMICONDUCTORS & RELATED DEVICES

Market Cap: $224.69 billion

Current Price: $75.21

Price Change (1 Day): $0.16

Price-Earnings Ratio: 11.95

EPS: $24.68

Dividend Yield: 0.488%

Volume: 60,921,999

Revenue: $101.1 billion

Net Income: $7.61 billion

Operating Margin: 2.653%

More about Advanced Micro Devices Inc

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD's main products include microprocessors, motherboard chipsets, embedded processors, and graphics processors for servers, workstations, personal computers, and embedded system applications.

Industry: Manufacturing, Semiconductors & Related Devices

Market Cap: 245.55 Billion

Current Price: 223.41

Dividend Yield: None

P/E Ratio: 0.68

EPS: 14.11

Beta: 0.049

Volume: 22,799,990,000

52-week Range: 184.2 - 48.69

ROI: 0.022

More about Intel Corporation

Company: Intel Corporation

Description: American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).

Industry: Manufacturing, Semiconductors & Related Devices

Market Cap: 127.07 billion

Price: $30.77

Change: 0.5 ( 0.97%)

PE Ratio: 13.11

EPS: $0.0736

Revenue: 55.24 billion

Dividend: $0.39

Dividend Yield: -0.717%

Beta: 0.086

More about Broadcom Inc

Stock Market Analysis: Broadcom Inc.

Broadcom Inc. is an American designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets.

Sector: Manufacturing

Industry: Semiconductors & Related Devices

Market Cap: 617.65B

PE Ratio: 49.51

EPS: 19.7

Dividend Yield: 2.69%

52-Week High: $91.77

52-Week Low: $26.92

RSI: 0.299

Volume: 38,864,998

Market Cap: 1524.9

Beta: 1.881

Volatility: 0.164

More about Micron Technology Inc

Micron Technology Inc

Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho.

Industry: MANUFACTURING

Sector: SEMICONDUCTORS & RELATED DEVICES

Market Cap: 134.26B

Dividend Yield: None

Beta: 0.46

Price Change (52 Weeks): -3.44%

Price Change (Year to Date): 16.67%

Relative Strength Index (RSI): -0.206

Volume: 18,311,990

Stock Price: $135.74

Price/Earnings Ratio: -0.432

Earnings per Share: $0.577

More about Applied Materials Inc

Applied Materials, Inc. is an American corporation that supplies equipment, services, and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones, and televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging, and other applications. The company is headquartered in Santa Clara, California, in Silicon Valley.

Industry: Manufacturing

Sector: Semiconductors & Related Devices

Market Cap: 174.26 Billion

P/E Ratio: 24.7

EPS: 1.28

ROE: 8.49%

Current Ratio: 31.66

Dividend Yield: 0.27%

Revenue: 26.48 Billion

Net Income: 22.54 Billion

Debt to Equity: 0.193

Operating Margin: -0.005

More about Lam Research Corp

Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.

Industry: Technology, Special Industry Machinery, NEC

Market Cap: 119.68 Billion

Current Price: 33.67

Dividend Rate: 7.72

Price to Earnings Ratio: 27.19

52-Week High: 107.67

52-Week Low: 0.254

Shares Outstanding: 14,241,136,000

Beta: 0.986

Market Cap: 0.221

Change: -0.02

More about KLA-Tencor Corporation

KLA Corporation Stock Analysis Summary

KLA Corporation, a capital equipment company based in Milpitas, California, supplies process control and yield management systems for the semiconductor industry and other related nanoelectronics industries. The company's products and services cover all phases of wafer, reticle, integrated circuit (IC), and packaging production, from research and development to final volume manufacturing.

Sector: Life Sciences, Optical Instruments & Lenses

Market Cap: 96.71 Billion

Current Price: $37.59

Dividend Yield: 5.5%

P/E Ratio: 19.11

EPS: 70.6

Beta: 0.272

Revenue: 9.6 Billion

Operating Margin: 74.97%

Net Income Margin: -11.9%

Debt to Equity: -0.03

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