Recently, a reader asked us for our views on a Chinese company listed on the NYSE. It reminded us of similarities that we have seen previously in another company called Hanergy Thin Film Power Group. We decided to share the case study we had on Hanergy. Please do note that all information in this article represents the author’s own opinions and that we have no long/short positions in the below mentioned companies. Furthermore, while two companies may possess similar similarities, it does not mean that they are the same and further due diligence is required on your part.

Hanergy Thin Film Power Group

Hanergy Thin Film Power Group was a USD300mn little known Chinese solar company, whose stock peaked mid this year, had a market capitalization of almost USD40bn, surpassing that of Twitter’s USD31bn and that of the three biggest US solar ...