DAQO New Energy Corp. American Depositary Shares (DQ)
18.02
-0.28 (-1.53%)
Daqo New Energy is a leading manufacturer and supplier of high-purity polysilicon, which is an essential material used in the production of solar cells and modules
The company is committed to supporting the solar energy industry by providing innovative solutions and high-quality products that contribute to the growth of renewable energy initiatives. With a focus on sustainability, Daqo New Energy employs advanced technologies and practices to enhance production efficiency while minimizing environmental impact, positioning itself as a key player in the global transition toward clean energy solutions.
Trump's first day in office saw executive orders on immigration and energy, withdrawal from global agreements, and tariff threats. Market reactions varied.
Daqo New Energy reported lower Q2 revenue of $219.9M compared to $636.7M a year ago, with a gross loss of $159.2M due to market challenges. However, strong demand for solar PV installations in China is expected to drive long-term growth in the industry.
