Morgan Stanley stated that it has a more positive attitude towards China's solar energy supply chain, believing that with pricing recovery and industry consolidation, prices have bottomed out. The ratings of Longi Green Energy, Tongwei Co., Ltd., and JA Solar Technology are upgraded to overweight. Analyst Eva Hou's report indicates a 4% increase in the forecasted solar installation volume for 2024 to 225GW, and a slight increase in the forecasted installation volume for 2025 to 240GW. The call from the photovoltaic industry association has been effective in providing support for supply chain prices. Within the industry chain, Longi Green Energy is the preferred choice, with the most flexible balance sheet. The rating of Hoyuan Green Energy is upgraded to neutral.