Asia Solar Manufacturers Soar After U.S. Says No to Tariff Probe

Chinese solar manufacturers are surging after the U.S. rejected a request to investigate whether they were circumventing existing tariffs, a move that critics warned would drive up costs for clean power and escalate tensions with China.

Canadian Solar Inc., which produces panels in China, climbed as much as 16% Thursday, the most intraday in more than 19 months, and JinkoSolar Holding Co. gained 12% in New York. GCL-Poly Energy Holdings Ltd. rose 7.1% in Hong Kong.

The U.S. Commerce Department determined that Asian companies didn’t sell solar cells “at less than normal value,” according to a notice in the Federal ...