First Solar (FSLR) shares rose 3.5% in pre-market trading. The gain follows a Reuters report that China is considering restrictions on advanced solar technology exports to the U.S.
Beijing has started preliminary discussions with equipment manufacturers regarding potential limitations. No final rules have been established, and the government has not yet solicited formal industry feedback.
These restrictions could provide a competitive advantage to U.S.-based manufacturers like First Solar. The move would potentially hinder American rivals who rely on Chinese equipment for technological advancement.