First Solar to benefit from higher tariffs, says Cantor

After the Department of Commerce raised the amount of the tariffs it will levy on Chinese solar companies, Cantor Fitzgerald expects the E.U. to impose similar tariffs in 2013. The firm thinks that the U.S. tariffs could increase domestic demand for First Solar's panels and it adds that the company would also benefit significantly from E.U. tariffs. The firm maintains a $23 target and Buy rating on First Solar.