Hannah Yang, an analyst from Morgan Stanley, maintained the Buy rating on Xinyi Solar Holdings. The associated price target is HK$3.10.
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Hannah Yang’s rating is based on Xinyi Solar Holdings’ strategic positioning and potential for growth in the solar glass market. The company has demonstrated a strong focus on expanding its capacity overseas, with plans to commence operations of new production lines in early 2026. This international expansion is expected to capitalize on higher profit margins from overseas markets, where prices are typically more than 10% higher than domestic prices.
Moreover, Xinyi Solar Holdings has shown resilience in its operations, with a significant increase in solar glass sales volume by 17.5% year-over-year in the first half of 2025. Despite some impairments and challenges in the domestic market, the company’s strategic investments and capacity management suggest a positive outlook. The potential for increased demand and the company’s readiness to resume production in response to market needs further support the Buy rating.
In another report released on July 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$3.50 price target.