Bjoern Wylezich Introduction Daqo New Energy (NYSE:DQ) recently reported Q2 earnings, so I thought I would go through the numbers and give some comments on the outlook and what I am doing with my position. Overall, I am not convinced that the worst is behind right now, but my opinion of the company hasn't changed. I still think DQ will be the player to come out on top as soon as things start to turn around, but I am not adding more to my position just yet. The last time I covered the company, I downgraded i ...

Daqo New Energy Corp. (NYSE:DQ) Q2 2024 Earnings Conference Call August 26, 2024 8:00 AM ET Company Participants Anita Chu - Investor Relations Director Xiang Xu - Chief Executive Officer Ming Yang - Chief Financial Officer Conference Call Participants Matt Ingraham - ROTH Capital Partners Alan Lau - Jefferies Rajiv Chaudhri - Sunsara Capital Operator Hello, and welcome to the Daqo New Energy Second Quarter 2024 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] P ...

Daqo New Energy (DQ) came out with a quarterly loss of $1.81 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -654.17%. A quarter ago, it was expected that this solar panel parts maker would post earnings of $0.56 per share when it actually produced earnings of $0.24, delivering a surprise of -57.14%.Over the last four quarters, ...

August 26, 2024 Q2 2024 Results Presentation Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "guidance" and similar statements. Among other things, the outlook for the third quarter and the full ye ...

SHANGHAI, Aug. 26, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter of 2024.Second Quarter 2024 Financial and Operating HighlightsPolysilicon production volume was 64,961 MT in Q2 2024, compared to 62,278 MT in Q1 2024Polysilicon sales volume was 43,082 MT in Q2 2024 compared to 53,987 MT in Q1 2024Polysili ...

SHANGHAI, Aug. 12, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the second quarter of 2024 ended June 30, 2024 before U.S. markets open on Monday, August 26, 2024.The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 26, 2024 (8:00 PM Beijing / Hong Kong ti ...

Daqo New Energy Corp. (DQ) , a leading producer of high-purity polysilicon for the global solar PV industry, recently announced the approval of a $100-million share repurchase program by its board of directors. This program will be effective through Jun 30, 2025.Under this authorization, Daqo New Energy can repurchase up to $100 million of its outstanding ordinary or American depositary shares (ADSs) through open-market purchases, negotiated off-market transactions, block trades or other legally permissible ...

Core Viewpoint - Daqo New Energy Corp. has announced a US$100 million share repurchase program, reflecting confidence in its business amidst industry challenges [1][2]. Company Overview - Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar PV industry, founded in 2007 [3]. - The company has a total polysilicon nameplate capacity of 205,000 metric tons and is recognized as one of the world's lowest cost producers of high-purity polysilicon [3]. Share Repurchase Program - The board of directors has authorized the repurchase of up to US$100 million worth of its own shares, effective until June 30, 2025 [1]. - The program will be funded primarily from available cash and existing cash balance, with no obligation to acquire a specific number of shares at any particular time [2]. - The timing and amount of shares repurchased will depend on market conditions and the company's operational status [2].

SHANGHAI, July 17, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary Xinjiang Daqo has provided an update on its litigation event.   In January 2024, Xinjiang Daqo received a court notice relating to a contract dispute lawsuit filed against it by Xinjiang Xian'an New Materials Co., Ltd. ("Xinjiang Xian'an") and its affiliate, Xinjiang Dengbo ...

SHANGHAI, July 9, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today published its 2023 Environmental, Social and Governance ("ESG") report. The 2023 ESG report details key accomplishments resulting from the Company's efforts with respect to corporate governance, innovation and R&D, employee rights protection, environmental sustainability and emission control, as well as s ...