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NEW - Morgan Stanley rates the stock as Equal-weight
BY BROKER NEWS - 24/01/2018 | VIEW MORE BROKER UPDATES

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NEW - NEW ENERGY SOLAR


The US will impose a tariff on imported solar panels starting in year one at 30% and declining to 15% by year four. The first 2.5GW of new cells will be exempt.

While the mechanics are yet unclear, the tariff is not as steep as feared and thus a minor positive for New Energy Solar, the broker suggests. Equal-weight rating and $1.59 target retained. Industry view: Cautious

Sector: Utilities.

Target price is $1.59.Current Price is $1.45. Difference: $0.14 - (brackets indicate current price is over target). If NEW meets the Morgan Stanley target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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