LONGi Green Energy (601012 CH) & Nutrien (NTR CN) Canada

Energy / Materials

CHA-AM Advisors

In his latest Strategist Diary, David Scott reiterates his bullish call on his top solar panel pick - despite deflation in the industry, LONGi is still growing rapidly, key metrics are improving, and the industry is consolidating around this market leader. The stock has sold off in the past three months and now trades at a very attractive entry point (11x next year’s earnings). David also reiterates his Sell on Nutrien. The share price has already dropped more than 20% since he turned bearish (Feb 22), but David argues that NTR (and the entire fertiliser group) is in a classic early-stage bear market.

- 26 May, 2023