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 stay under pressure from industry overcapacity, with the strain worsened by a sharp drop in China’s solar installations, Morningstar’s Cheng Wang said in a note. LONGi Green Energy Technology and JA Solar Technology posted 2Q losses as revenue declined.