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Citi: Upgrades Rating of LONGi Green Energy Technology to a “Buy” Recommendation
3 day ago /
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Author：小编
Citigroup has revised its stock rating for LONGi Green Energy Technology, upgrading it from a 'Sell' to a 'Buy' recommendation. This adjustment is based on the belief that the company has navigated through its most challenging phase. Moreover, an anticipated rise in the proportion of module sales is expected to bolster the company's profitability. Citi forecasts that LONGi Green Energy Technology's losses will diminish in 2025, with the company projected to achieve profitability by 2026. Consequently, Citi has increased its target price for the stock by 86%, raising it from 14 yuan to 26 yuan.
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