Hanwha Solutions and OCI Holdings shares rose over 8% as analysts expect U. restrictions on Chinese solar products to remain in place.
Shares of South Korean solar firms Hanwha Solutions and OCI Holdings jumped more than 8% on Wednesday, reacting to heightened focus on U.S. restrictions on Chinese solar products ahead of the Trump‑Xi summit. Hana Securities analyst Yoon Jae‑sung said it was highly unlikely the United States would ease those restrictions, arguing that Washington views solar as a strategic, national‑security‑linked industry and that any tariff reductions would target non‑strategic goods. He cited the Section 232 measures on polysilicon and its derivatives signed by President Trump in August. Qcells, the solar unit of Hanwha Solutions, welcomed recent actions by the U.S. Department of Commerce and Customs and Border Protection to curb what it called illegal stockpiling of imported panels, saying the steps would prevent importers from circumventing trade policy and support domestic manufacturing. CEO Andy Park described the influx of imported products as a strategy used abroad to undermine American manufacturers. OCI Holdings also highlighted its U.S. footprint through subsidiary OCI Energy, which broke ground on a new solar facility in Texas earlier this month. The reporting does not clarify how the summit might ultimately influence U.S. policy.