Chinese Solar Firms Likely to Face Losses in 2026, Recovery Expected in 2027 -- Market Talk

Dow Jones11-10

0430 GMT - Most Chinese solar producers under Morningstar's coverage, including Longi, are expected to face continued losses in 2026 due to weak demand, with a recovery anticipated only in 2027, analyst Cheng Wang says in a note. Polysilicon, wafer, and cell prices have recently rebounded, supported by government efforts to address overcapacity and curb excessive competition, though module prices remain subdued amid soft downstream demand, Wang adds. Morningstar maintains its fair value estimates for all companies under its coverage, and notes that Jinko is undervalued, JA and Trina are fairly valued, and others are overvalued. Jinko lags peers due to decline in shipments but Wang remains positive on its long-term outlook. CSI, forecast to stay profitable in 2026, benefits from energy storage optimism, though Wang says its valuation appears stretched. (jason.chau@wsj.com)

(END) Dow Jones Newswires

November 09, 2025 23:30 ET (04:30 GMT)

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Morningstar maintains its fair value estimates for all companies under its coverage, and notes that Jinko is undervalued, JA and Trina are fairly valued, and others are overvalued. Jinko lags peers due to decline in shipments but Wang remains positive on its long-term outlook. CSI, forecast to stay profitable in 2026, benefits from energy storage optimism, though Wang says its valuation appears stretched. 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Polysilicon, wafer, and cell prices have recently rebounded, supported by government efforts to address overcapacity and curb excessive competition, though module prices remain subdued amid soft downstream demand, Wang adds. Morningstar maintains its fair value estimates for all companies under its coverage, and notes that Jinko is undervalued, JA and Trina are fairly valued, and others are overvalued. Jinko lags peers due to decline in shipments but Wang remains positive on its long-term outlook. CSI, forecast to stay profitable in 2026, benefits from energy storage optimism, though Wang says its valuation appears stretched. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 09, 2025 23:30 ET (04:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2148510915.USD","symbol_name":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582463828","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582463828","pubTimestamp":1762749000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0430 GMT - Most Chinese solar producers under Morningstar's coverage, including Longi, are expected to face continued losses in 2026 due to weak demand, with a recovery anticipated only in 2027, analyst Cheng Wang says in a note. 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Polysilicon, wafer, and cell prices have recently rebounded, supported by government efforts to address overcapacity and curb excessive competition, though module prices remain subdued amid soft downstream demand, Wang adds. Morningstar maintains its fair value estimates for all companies under its coverage, and notes that Jinko is undervalued, JA and Trina are fairly valued, and others are overvalued. Jinko lags peers due to decline in shipments but Wang remains positive on its long-term outlook. CSI, forecast to stay profitable in 2026, benefits from energy storage optimism, though Wang says its valuation appears stretched. 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