LONGi Green Energy Technology Co Ltd Class A

601012: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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LONGi Green Energy Earnings: The Worst Is Likely Over; Shares Fairly Valued

Cheng Wang

Nov 4, 2024

Following LONGi's in-line third-quarter results, we made minimal adjustments to our forecasts and maintain our fair value estimate at CNY 19.40. We believe the shares are fairly valued now after a 50% rise from its September low. While still loss-making, LONGi's third quarter operating losses narrowed sequentially, aligning with our expectation that its earnings will bottom out this year. We anticipate LONGi to deliver narrower losses in 2025 and turn profitable in 2026, along with consolidation and more disciplined competition in the industry.

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LONGi Green Energy Technology Co Ltd Class A

LONGi Green Energy Earnings: The Worst Is Likely Over; Shares Fairly Valued

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