Shanghai, Jan 25, 2026, 09:55 GMT+8 — The market has closed.
- LONGi Green Energy Technology Co., Ltd. Class A shares (601012) jumped 10.01%, closing Friday at 19.35 yuan.
- China’s solar stocks surged, driven by a “space solar” trade; LONGi and a number of rivals hit daily price limits.
- Traders will watch Monday for momentum to continue amid ongoing results season and shifting policies fueling volatility.
Shares of Shanghai-listed LONGi Green Energy Technology Co., Ltd. Class A closed Friday at 19.35 yuan, marking a 10.01% increase. The stock hit the 10% daily limit set for main-board A-shares. (TradingView)
The buying surge came even as the company warned it’s still facing losses, not profits. Earlier this month, LONGi projected a net loss of 6 billion to 6.5 billion yuan for 2025. It cited a supply-demand imbalance, intense low-price competition, and rising costs toward year-end, including silver paste and silicon, in a statement. (AAStocks)
That’s why Friday’s move is crucial. A sharp shift in a key player can drag investment back into the entire solar sector, but it also puts to the test how much of the rally is fueled by hype versus genuine confidence ahead of upcoming earnings warnings and policy updates.
Solar supply-chain stocks surged across the board on Friday, with LONGi hitting the limit-up as investors chased the “space solar” theme, according to Securities Times. In China’s mainland markets, “limit-up” means the daily price ceiling that halts further gains once reached. (STCN)
Wind data cited by the 21st Century Business Herald showed China’s solar index jumped 7.46% on Jan. 23. Several module and equipment names, like Jinko Energy and Aiko Solar, hit their daily limits. (21经济网)
Some of the buzz originated in Davos, where Tesla CEO Elon Musk remarked that “the tariff barriers for solar are extremely high” in the U.S. He added that the nation has the potential to generate enough solar energy to cover all its electricity needs, encompassing even the hefty demand from data centres, Reuters reported. (Reuters)
Analysts at BOCI International Securities noted in a Jan. 23 report on commercial space that the “space solar” theme is fueling a broad rally. They pointed out that since the technical path remains uncertain, focus is shifting to equipment, materials, and component manufacturers. (DFCFW PDF)
LONGi wrapped up the week with a roughly 3.3% gain, finishing Friday at 19.35 yuan, according to Stockstar data. (Stockstar)
But the risk is clear: if theme trades lose steam, fundamentals could snap back sharply. Should orders remain weak or foreign trade barriers stiffen, solar manufacturers might have to cut prices again, undoing Friday’s limit-up move in no time.
Shanghai trading restarts Monday, setting the stage for the next test. Then there’s April 1, when China plans to end value-added tax export rebates on photovoltaic products. That move could shake up pricing and shipment patterns heading into spring. (Reuters)
