LONGi Green Energy Technology Co Ltd Class A
601012: XSHG (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥31.70 | Rkgb | Vscjjjx |
Competition and Falling Product Prices Weigh on LONGi Green Energy's Shipment and Margin
Business Strategy and Outlook
LONGi Green Energy Technology is one of world's largest integrated solar company, growing from its origins as a solar wafer manufacturer. The company is largely self-sufficient, with its solar wafers and cells produced internally. While this has helped it smooth out pricing cycles along the solar supply chain, it does not exempt LONGi when the whole industry is shattered by overcapacity.