Citigroup: Upgrade Longi Green Energy's rating to "Buy" and optimistic about its improved profit prospects.

Citi Group has upgraded Longi Green Energy's rating from "sell" to "buy", stating that "the most difficult period is over" as the improvement in the share of component sales is expected to enhance the company's profitability. Analysts, including Pierre Lau, wrote in their report that Citi expects Longi Green Energy's losses to narrow by 2025 and achieve profitability by 2026, mainly due to the improvement in component sales profit margins. Citi has also raised Longi Green Energy's target price from 14 yuan to 26 yuan, an 86% increase.