Supreme Court Strikes Down Tariffs, Boosting FSLR and VIAV Shares

Manufacturing stocks, including First Solar (FSLR) and Viavi Solutions (VIAV), rallied after the U.S. Supreme Court struck down Trump-era tariffs on Feb. 20, 2026. In a 6-3 ruling, the court determined the administration improperly used the International Emergency Economic Powers Act of 1977 to justify the duties. The decision is expected to lower costs for imported parts and materials. Viavi Solutions surged to a 52-week high of $27.76, up 52.9% year-to-date. Orion, Limbach, and Oshkosh also advanced following the ruling.