SHANGHAI, Jan 26, 2026, 07:32 CST — Premarket
- LONGi’s Shanghai-listed A-shares ended the day hitting the daily limit, marking a rare surge in a sector weighed down by weak pricing.
- Traders are eyeing if the “space solar” theme tied to Davos comments will extend into the week ahead.
- LONGi’s latest loss forecast, coupled with ongoing price pressure in the industry, serves as a stark reality check.
LONGi Green Energy Technology Co., Ltd.’s onshore Class A shares (601012.SH) grabbed attention again ahead of Monday’s China open. The stock closed the previous session at 19.35 yuan, surging 10.01%—the daily limit for most main-board A-shares—on robust volume. (StockAnalysis)
The bounce is significant, especially after a prolonged period when China’s solar makers were valued as if the worst was already priced in: oversupply, weak pricing power, and exporters facing stricter trade regulations.
Chinese media on Jan. 23 reported that over 30 solar-related stocks hit their upper trading limits, fueled by buzz around “space solar” and AI-driven power demand. This surge lifted not just LONGi but also module manufacturers and equipment suppliers. (The Paper)
The ignition came at Davos. In a World Economic Forum interview, Elon Musk slammed U.S. solar tariffs, insisting the country could produce enough solar power to cover its entire electricity demand—even from data centres. “Unfortunately, the tariff barriers for solar are extremely high,” he said. (Reuters)
A write-up from the World Economic Forum on the same session took a longer-term view. Musk revealed Tesla and SpaceX aim to ramp up U.S. solar manufacturing capacity to as much as 100 gigawatts annually. He also threw out the possibility that solar-powered AI data centers in space could become feasible within a few years. (World Economic Forum)
LONGi’s momentum trade clashes with tough fundamentals. In a Jan. 19 filing, the company projected a net loss for 2025 between 6.0 billion and 6.5 billion yuan attributable to shareholders. It flagged ongoing “low-price” competition and supply-demand imbalances, while costs for silver paste and polysilicon surged in Q4. Trade barriers have also ramped up. The company noted these numbers are preliminary and unaudited. (LONGi)
That’s the catch for those chasing the rally: the sector’s underlying issues remain despite the buzz around a new narrative. A daily limit move often reflects flows and sentiment, not fundamentals.
The downside scenario is straightforward. Should module and wafer prices remain stuck and costs refuse to drop, losses could drag on. The recent rally might quickly fall apart—especially if policy shifts or trade actions target Chinese solar exports.
Traders will zero in on Monday’s opening auction to see if buying interest remains strong. They’re also watching to find out if the rally extends past the heavily favored “concept” stocks to firms with more transparent earnings forecasts.
LONGi’s next major event is the release of its 2025 annual report, scheduled for April 29. Eastmoney’s market calendar confirms the company will publish its report on that date. (Eastmoney)
