LONGi Green Energy stock in focus: 1.65 bln yuan patent fee signals higher costs as China solar outlook softens

Shares of Shanghai-listed LONGi Green Energy Technology Co., Ltd. Class A are set to draw attention at Monday’s open after dropping 4.74% to 17.88 yuan in the previous session, hitting a low of 17.71 yuan during the day. Chinese solar rivals Tongwei Co., Ltd and Jinko Solar Co., Ltd. also saw declines, highlighting ongoing sector-wide pressure.

China’s LONGi Green Energy Technology Co., Ltd. Class A shares dropped 4.74% on Friday, closing at 17.88 yuan after swinging between 18.82 and 17.71. Trading volume hit 291.7 million shares. Peer stocks Tongwei Co., Ltd and Jinko Solar Co., Ltd. slid 4.51% and 6.08%, according to MarketScreener data.