Premier Energies’ stock price has surged by 6% following the United States’ decision to impose hefty anti-dumping and countervailing duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. As of 9:53 AM, the shares were trading 5.51% higter at Rs 1,065.05.
The US Department of Commerce recently announced new tariffs, reaching up to a staggering 3,521%, in response to an investigation initiated under former President Joe Biden. The investigation accused solar manufacturers from the four Southeast Asian nations of benefiting from unfair subsidies and dumping practices. This decision adds to the tariffs introduced during the Trump administration, further complicating the global solar supply chain.
Premier Energies shares have been experiencing notable fluctuations in the stock market. The stock opened at ₹1,036.85, reached a high of ₹1,079.45, and touched a low of ₹1,016.90. Over the past 52 weeks, the stock has seen a peak of ₹1,388.00 and a low of ₹774.05, reflecting a significant range in its performance.
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