LONGi has announced the retention of its AAA rating in PV-Tech’s PV ModuleTech bankability report for the first quarter of 2024, marking the 17th consecutive quarter that the company has achieved this top ranking. The consistent AAA status not only underlines LONGi’s unwavering commitment to high-quality products and services but also reflects the company’s robust financial health and unparalleled stability within the photovoltaic industry, confirming its status as a market leader and reflecting the trust and recognition it enjoys within the sector.
The rigorous analysis conducted in each edition of the PV-Tech bankability report assesses manufacturers extensively across a range of key areas, from both manufacturing and financial perspectives, including value-chain positioning, production capacities, global module shipment profiles, capital expenditure (capex), R&D spending, cash-flow, debt management, valuation, profitability and turnover metrics.
LONGi’s retention of its AAA status across 17 quarters is rooted in a culture of constant innovation. The company continually invests significantly in R&D and collaborates with industry-leading partners to push the boundaries in product and service delivery. This approach not only distinguishes the company in terms of present-day performance but also lays a solid foundation for sustained growth and future advancement.
Looking ahead to the rest of 2024 and beyond, LONGi reaffirms its commitment to lead the solar technology sector, adapting to market changes and delivering increased value to customers and partners around the globe. The company will progress on its journey towards full scenario energy transformation, guided by its vision of leveraging solar energy to build a greener world.
