Chinese Solar Stocks' Rally Likely Not Reflective of Fundamentals -- Market Talk

Dow Jones02-06 19:02

1102 GMT - Fundamentals for China's solar industry are largely unchanged, Morningstar's Cheng Wang says. Chinese solar photovoltaic stocks rallied this week following media reports that Elon Musk-linked delegations visited several companies, fueling speculation about potential collaborations on space-based solar PV projects. The analyst notes that while solar PV plays a critical role in meeting power demand, the estimated demand from data centers is limited relative to annual global solar additions. Given that space-based solar PV is still at an early stage, any potential partnerships are unlikely to materially boost solar producers' revenues. Morningstar maintains its fair-value estimates for the sector, with JA Solar seen as undervalued and TCL Zhonghuan as overvalued. It views Jinko Solar, Trina Solar, Longi, CSI Solar, Tongwei and Daqo as fairly valued. (jason.chau@wsj.com)

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February 06, 2026 06:02 ET (11:02 GMT)

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The analyst notes that while solar PV plays a critical role in meeting power demand, the estimated demand from data centers is limited relative to annual global solar additions. Given that space-based solar PV is still at an early stage, any potential partnerships are unlikely to materially boost solar producers' revenues. Morningstar maintains its fair-value estimates for the sector, with <a href=\"https://laohu8.com/S/JASO\">JA Solar</a> seen as undervalued and <a href=\"https://laohu8.com/S/01070\">TCL</a> Zhonghuan as overvalued. It views <a href=\"https://laohu8.com/S/688223\">Jinko Solar</a>, <a href=\"https://laohu8.com/S/688599\">Trina Solar</a>, Longi, CSI Solar, Tongwei and Daqo as fairly valued. (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  February 06, 2026 06:02 ET (11:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Solar Stocks' Rally Likely Not Reflective of Fundamentals -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Solar Stocks' Rally Likely Not Reflective of Fundamentals -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-06 19:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1102 GMT - Fundamentals for China's solar industry are largely unchanged, Morningstar's Cheng Wang says. Chinese solar photovoltaic stocks rallied this week following media reports that Elon Musk-linked delegations visited several companies, fueling speculation about potential collaborations on space-based solar PV projects. The analyst notes that while solar PV plays a critical role in meeting power demand, the estimated demand from data centers is limited relative to annual global solar additions. Given that space-based solar PV is still at an early stage, any potential partnerships are unlikely to materially boost solar producers' revenues. Morningstar maintains its fair-value estimates for the sector, with <a href=\"https://laohu8.com/S/JASO\">JA Solar</a> seen as undervalued and <a href=\"https://laohu8.com/S/01070\">TCL</a> Zhonghuan as overvalued. It views <a href=\"https://laohu8.com/S/688223\">Jinko Solar</a>, <a href=\"https://laohu8.com/S/688599\">Trina Solar</a>, Longi, CSI Solar, Tongwei and Daqo as fairly valued. (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  February 06, 2026 06:02 ET (11:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"LU0181495838.USD","symbol_name":"施罗德新兴亚洲A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609980562","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609980562","pubTimestamp":1770375720,"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":"1102 GMT - Fundamentals for China's solar industry are largely unchanged, Morningstar's Cheng Wang says. 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Chinese solar photovoltaic stocks rallied this week following media reports that Elon Musk-linked delegations visited several companies, fueling speculation about potential collaborations on space-based solar PV projects. The analyst notes that while solar PV plays a critical role in meeting power demand, the estimated demand from data centers is limited relative to annual global solar additions. Given that space-based solar PV is still at an early stage, any potential partnerships are unlikely to materially boost solar producers' revenues. Morningstar maintains its fair-value estimates for the sector, with JA Solar seen as undervalued and TCL Zhonghuan as overvalued. It views Jinko Solar, Trina Solar, Longi, CSI Solar, Tongwei and Daqo as fairly valued. 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