LONGi Rated With Highest Altman-Z Score by BloombergNEF

LONGi Rated With Highest Altman-Z Score by BloombergNEF

LONGi has been rated with the highest Altman Z score of all the publicly quoted pure-play solar manufacturers by BloombergNEF

LONGi Altman-Z BloombergNEF

In February, BloombergNEF, a leading provider of global PV business dynamics and financial information had released the “1Q 2020 Global PV Market Outlook”. LONGi, which is one of the world’s leading solar module manufacturer, was rated with the highest Altman-Z score of all the publicly quoted pure-play solar manufacturers. The manufacturer was also on BloombergNEF’s Tier 1 module maker list and one of the three largest module manufacturers, by capacity.

The Altman-Z score is a ratio indicator that reflects the financial health of a manufacturing company. LONGi was listed first amongst all pure-play PV companies worldwide with a score of 3.6, indicating strong financial health.

For years, LONGi has maintained leading risk control management and the ability to quickly respond to market changes. The company operates on a philosophy of stable operation and sustainable development, and LONGi has maintained a low asset-liability ratio around 50 percent through the years, which is amongst the lowest in the PV industry. The strong return on assets sustained profitability and proven bankability has been validated and recognized by the industry.

Throughout its operations, LONGi has demonstrated its sustainable development capabilities and responsibilities as a world-leading global solar technology company.

“LONGi’s stable and reliable performance in the solar market has built a good reputation in the industry. Shipments of LONGi’s solar products worldwide have grown rapidly and we are gaining traction to be the first choice for global customers. LONGi will continue to provide leading technologies and high-value return to our customers and partners.” Wang Yingge, Head of Global Marketing, LONGi Solar, commented.

In December 2019, the firm had announced that it has entered into a strategic partnership agreement with Adani Green Energy, where LONGi will supply Adani with its new generation Hi MO4 modules. The agreement set guidance of up to 1.2 GW modules to be delivered to Adani by 2020. Both parties agreed to continue to deepen their strategic partnership over the next 3-5 years.

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Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.