American Rebel Holdings Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Industrials : Commercial Services & Supplies | Small Cap Value
Company profile

American Rebel Holdings, Inc. operates primarily as a designer and marketer of branded safes and personal security and self-defense products. The Company designs and produces branded accessories and apparel, including concealment pockets. It offers an assortment of personal security products, as well as apparel and accessories for men and women under the Company’s American Rebel brand. Its products are designed to store firearms, as well as store its customers’ keepsakes, family heirlooms and treasured memories. It offers a range of concealed carry jackets, vests and coats for men and women. The Company’s apparel collection consists of Cartwright Coats and Vests, Freedom 2.0 Jackets and Vests and American Rebel T-Shirts Collection. Its safe collection consists of six safes in a range of sizes: AR-50, AR-40, AR-30, AR-20, AR-15 and AR-12. The Company is also a manufacturer of gun safes with security and fire protection.

Closing Price
$0.2459
Day's Change
0.0006 (0.24%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.2575
Day's Low
0.2311
Volume
(Light)
Volume:
1,144,009

10-day average volume:
1,747,588
1,144,009

Here are the stocks getting a 'tailwind' from White House's pause on solar tariffs

7:59 am ET June 7, 2022 (MarketWatch)
Print

By Claudia Assis

Array Technologies, FTC Solar and Shoals Technology shares all see 20% gains

Wall Street on Monday cheered news that the White House paused new tariffs on solar imports for two years, removing some of the uncertainty that has plagued solar stocks, and should also act to spur domestic production.

Shares of Array Technologies Inc. (ARRY), FTC Solar Inc. (FTCI), and Shoals Technology Group Inc. (SHLS) rallied more than 20% on the news.

The companies make utility-scale solar trackers and accompanying software that tilt solar panels to follow the sun's path in the sky, maximizing energy production.

Read more: Solar energy: Biden won't impose tariffs for 2 years, pushes domestic production

The action Monday clears the picture for solar-module imports as well as U.S. project development "while setting the stage for domestic manufacturing to play a bigger role longer- term," thus boding well for these utility-scale names, analysts at Piper Sandler said in a note.

Goldman Sachs analysts also singled out the three solar-tracker makers as the ones to watch, saying the action addresses the solar-panel constraints resulting from the anti-dumping investigation on solar panels made in Southeast Asia.

The ongoing investigation, started in March, "has been, by far, the most significant sector headwind for solar stocks over the past several months and one that has weighed heavily on investor sentiment," the Goldman analysts said.

Tariffs could still be implemented in the future, but the risk of retroactive tariffs is likely off the table. Investors also cheered the Biden administration stepping in earlier than expected, which was "clearly an encouraging development," the analysts at Goldman Sachs said.

The sector has weathered guidance cuts and weaker sentiment around first-quarter earnings season, but the news could provide a "floor" on estimate cuts as the second half of the year approaches, they said.

Solar stocks that also rallied after the news included residential solar installer Sunrun Inc. (RUN) and integrated solar company SunPower Corp. (SPWR) Solar-panel maker First Solar Inc. (FSLR) was the sole name trading in the red on Monday.

The Goldman analysts expected that "the entire solar group will see a tailwind on the back of this news," also adding utilities NextEra Energy Partners LP (NEP), AES Corp. (AES) and NiSource Inc. (NI) to the list of companies that would also benefit.

Analysts at Cowen sounded a little more cautious about the news in their note.

A two-year delay, they said, "is hardly clarity the industry is seeking as they would like this issue to go away or be resolved."

Moreover, "the issue may still be challenged in court, and it is unclear on potential impact of tariffs that may be announced on past shipments," the Cowen analysts said.

-Claudia Assis

	

(END) Dow Jones Newswires

June 07, 2022 07:59 ET (11:59 GMT)

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