Core Viewpoint - Daqo New Energy Corp. has appointed Ms. Xiaoyu Xu as Deputy Chief Executive Officer, effective October 30, 2024, aiming to enhance its corporate strategy and growth in the renewable energy sector [1][3]. Company Overview - Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar photovoltaic (PV) industry, with a total polysilicon nameplate capacity of 305,000 metric tons [4]. - The company was founded in 2007 and sells high-purity polysilicon to photovoltaic product manufacturers, who further process it into ingots, wafers, cells, and modules for solar power solutions [4]. Leadership Background - Ms. Xiaoyu Xu has been with the company since May 2023 as Investor Relations Director and Board Secretary, and she has a background in corporate and investment banking from J.P. Morgan [2]. - She holds an MBA from the Wharton School and a Bachelor of Science in business administration from the Haas School of Business [2]. Strategic Vision - The company believes there are significant opportunities in the renewable energy transition, both in China and globally, and aims to sharpen its corporate strategy under Ms. Xu's leadership [3]. - Ms. Xu expressed her commitment to fostering sustainable development and driving innovative advancements in green and clean energy on a global scale [4].

SHANGHAI, Oct. 15, 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 third quarter of 2024 ended September 30, 2024 before U.S. markets open on Wednesday, October 30, 2024.The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on October 30, 2024 (8:00 PM Beijing / Hon ...

Group 1: Chinese Economic Stimulus - China's stimulus plan is projected to be $1.07 trillion, approximately 6% of its GDP, which has positively influenced investor sentiment towards the economy and domestic automobile demand [2] - Lower interest rates are expected to reduce borrowing costs for consumers, further supporting economic growth [2] Group 2: Electric Vehicle (EV) Market Performance - Zeekr delivered 21,333 vehicles in September 2024, marking a 77% increase year-over-year, with total deliveries reaching 142,873 in 2024, up 71% [3] - Li Auto reported 53,709 vehicle deliveries in September, reflecting a 48.9% increase from the previous year and an 11.6% rise from the previous month [3] - Despite concerns about a downturn in the Chinese EV market, strong delivery numbers have boosted investor confidence [3] Group 3: Solar Industry Developments - Daqo New Energy, a polysilicon provider, received an upgrade from HSBC, raising its stock rating from hold to buy, with a price target of $29.30 per share, up from $20 earlier in the week [4] Group 4: Market Sustainability Concerns - There are doubts about the sustainability of the recent rally in the Chinese economy, as domestic demand remains insufficient to support the industrial base, and exports face challenges from rising tariffs [5] - While stimulus measures may provide temporary relief, they do not address the fundamental issues affecting the EV and solar industries, such as tariffs and potential oversupply [5]

Shares of Daqo New Energy Corp (DQ, Financial) surged 5.75% in mid-day trading on Oct 2. The stock reached an intraday high of $22.42, before settling at $21.90, up from its previous close of $20.71. This places DQ 27.07% below its 52-week high of $30.03 and 60.79% above its 52-week low of $13.62. Trading volume was 2,378,579 shares, 304.5% of the average daily volume of 781,031.Wall Street Analysts ForecastBased on the one-year price targets offered by 11 analysts, the average target price for Daqo New Ene ...

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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 ...