Earnings Alerts

LARGi Green Energy Technology (601012) Earnings: Preliminary 1H Net Loss of 4.8B to 5.5B Yuan

  • LONGi Green Technology reports a preliminary net loss of 4.8 billion to 5.5 billion yuan for the first half of 2024.
  • This marks a significant downturn from the same period in 2023, when the company posted a net income of 9.18 billion yuan.
  • Analyst ratings for the company include 26 buys, 7 holds, and 7 sells.

A look at LONGi Green Energy Technology Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts assessing LONGi Green Energy Technology see a positive long-term outlook for the company based on its Smart Scores. With high scores in value and dividend at 4, and resilience at 4 as well, the company ranks well in these key areas. This indicates that LONGi Green Energy Technology is considered to have strong fundamentals and a potential for good returns to investors. However, the company’s growth score of 3 indicates a moderate outlook in terms of expanding its business. Additionally, the momentum score of 2 suggests that the company may be facing some challenges in maintaining investor interest in the short term.

LONGi Green Energy Technology Co., Ltd. is focused on developing, manufacturing, and selling silicon rods and silicon wafers, with a range of products including 6 inch, 6.5 inch, and 8-inch monocrystalline silicon rods and wafers. The company’s overall Smart Scores highlight its value, dividend distribution, and resilience, showing promising aspects in its financial performance and stability. Despite a somewhat lower growth score and momentum score, analysts remain optimistic about the company’s long-term prospects in the renewable energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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