LONGi Green Energy Technology Co Ltd Class A
601012: XSHG (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥94.20 | Pqgn | Rcmrmcgb |
Initiating Coverage of LONGi Green Energy With No-Moat Rating, CNY 31.40 Fair Value Estimate
Business Strategy and Outlook
LONGi Green Energy Technology is the 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, LONGi still faces competitive pressures as industry capacity continues to increase.