DAQO New Energy Corp. American Depositary Shares (DQ)
12.77
-2.04 (-13.77%)
NYSE · Last Trade: Apr 29th, 5:38 PM EDT
Daqo New Energy shares fell 14% during Tuesday's session. The solar-grade polysilicon producer reported worse-than-expected first-quarter results.
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DQ stock results show that Daqo New Energy missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Via InvestorPlace · August 26, 2024

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.
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