China’s solar sector unlikely to recover quickly as surplus persists

Analysts, citing major producer Longi Green Energy Technology Co., say China’s ailing solar power sector is unlikely to turn a profit anytime soon, with oversupply likely to persist for up to two years.

Longi told Citi Research and Daiwa Capital that prices are unlikely to rebound enough to outpace costs anytime soon. “Industry-wide losses will continue despite oversupply,” Citi said in a note Monday.