Goldman Sachs has revised its outlook on Xinyi Solar (XNYIF, Financial), downgrading the stock from a Buy to a Sell. Analyst Jacqueline Du set a new price target of HK$1.90, citing ongoing structural margin pressures impacting top-tier solar glass manufacturers. These challenges have not yet been fully reflected in market valuations, according to the analyst's assessment.
This adjustment underscores potential financial strain within the solar glass sector, prompting a more cautious investment stance on Xinyi Solar. Investors are advised to consider these factors when evaluating their positions in the company.
