The high Altman-Z score underlines LONGi’s strong financial health and proven bankability
BloombergNEF, a leading provider of global PV business dynamics and financial information, released the “1Q 2020 Global PV Market Outlook” on February 19, 2020. LONGi, the world’s leading solar module manufacturer, was rated with the highest Altman Z score of all the publically quoted pureplay solar manufacturers. LONGi is 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.
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.
Source: LONGi Solar