Solar stocks gain as US finalizes tariffs on Southeast Asian solar imports

U.S.-based solar companies rise, after trade officials on Monday finalized steep tariffs on most solar cells from Southeast Asia

This was part of year-old case where U.S. firms had accused Chinese companies of flooding market with unfairly cheap goods and endangering their U.S. investments

Tariffs targets major Chinese solar firms such as Jinko Solar 688223.SS and Trina Solar 688599.SS

Cambodian products to face duties of more than 3,500%

Finalization of tariffs hinges on June vote by International Trade Commission, assessing whether industry suffered material harm from cheap imports

*"Specifically, this is good news for companies manufacturing solar equipment in the U.S. - but it is a headwind for the installers and project developers, because their business models benefit from cheaper hardware," Raymond James analyst Pavel Molchanov said

First Solar FSLR.O up 12.9%, SolarEdge Technologies SEDG.O up 8.4%; Sunrun RUN.O 5.7% and Enphase Energy ENPH.O up 2.7%