Market talk flags China solar overcapacity pressure after 2Q losses
Morningstar’s Cheng Wang says Chinese solar producers are likely to stay under pressure from industry overcapacity, worsened by a steep drop in China’s solar installations. LONGi and JA Solar posted 2Q losses on declining revenue.
Chinese solar producers are likely to remain under pressure from industry overcapacity, exacerbated by a steep drop in China's solar installations, says Morningstar's Cheng Wang in a note.
LONGi Green Energy Technology and JA Solar Technology posted 2Q losses amid declining revenue.
The analyst red…