Welcome to our dedicated page for Daqo New Energy news (Ticker: DQ), a resource for investors and traders seeking the latest updates and insights on Daqo New Energy stock.
Daqo New Energy Corp. (NYSE: DQ) is described by the company as a leading manufacturer of high-purity polysilicon for the global solar photovoltaic (PV) industry. Its news flow reflects both its role in the upstream solar value chain and its status as a foreign private issuer listed in the United States.
On this page, readers can review company-issued news such as quarterly financial and operating results, announcements about upcoming earnings releases and related conference calls, and updates on corporate actions. Recent press releases have covered unaudited first, second and third quarter results for 2025, with details on polysilicon production volume, sales volume, average production and cash costs, and average selling prices, as well as commentary on industry conditions and regulatory developments.
Daqo New Energy also uses news releases to communicate shareholder-related events, including the scheduling of its annual general meeting (AGM) and the availability of its annual report on Form 20-F. In addition, the company has announced a share repurchase program authorized by its board of directors, outlining the size of the program, funding sources and general parameters for potential repurchases.
Another category of updates involves legal and regulatory matters, such as press releases and related Form 6-K filings describing litigation involving its subsidiary Xinjiang Daqo New Energy Co., Ltd. These items summarize court decisions, appeals and potential implications for the subsidiary.
Investors and observers can use this news feed to follow how Daqo New Energy reports on its polysilicon operations, responds to solar PV industry conditions, and communicates with shareholders through AGMs, filings and capital management actions. Regularly checking this page provides a consolidated view of the company’s official announcements and disclosures as they are released.
Daqo New Energy Corp. (NYSE: DQ) reported its Q3 2022 results, showing revenue of $1,219.7 million, down from $1,244.1 million in Q2. Gross profit increased to $978.6 million, with a gross margin of 80.2%. Net income attributable to shareholders fell to $323.4 million, with earnings per ADS at $4.28. Notably, production decreased to 33,401 MT, and sales volume slid to 33,126 MT. Adjusted net income stood at $590.4 million. The company ended Q3 with a robust cash position of $4.6 billion, having completed a share repurchase program of nearly $120 million.
Daqo New Energy Corp. (NYSE: DQ) has announced a six-year supply agreement for high-purity polysilicon with a leading Chinese solar manufacturer. The agreement, effective from January 1, 2023, to December 31, 2028, involves a total supply of 432,000 MT of mono-grade polysilicon. Pricing will be negotiated monthly based on market conditions. CEO Longgen Zhang highlighted robust demand for high-purity polysilicon, driven by the rapid expansion of downstream solar capacities and the anticipated market share growth of N-type technology, which requires higher purity levels.
Daqo New Energy Corp. (NYSE: DQ) announced a five-year supply agreement for high-purity polysilicon with a major solar manufacturing company in China. From January 1, 2023, to December 31, 2027, Daqo will supply a total of 46,200 metric tons of mono-grade polysilicon, with prices to be negotiated monthly based on market conditions. CEO Longgen Zhang highlighted the growing demand for solar energy and the expansion by downstream customers, positioning Daqo favorably in the evolving solar PV market.
Daqo New Energy Corp. (NYSE: DQ) has entered a five-year supply agreement with Shuangliang Silicon Materials for 150,300 metric tons of high-purity polysilicon from November 2022 to December 2027. The supply aims to support Shuangliang's expanding solar wafer business, with monthly pricing based on market conditions. CEO Longgen Zhang anticipates strong demand for mono-grade polysilicon, especially as the industry shifts towards N-type technology. Daqo's competitive edge lies in its extensive capacity and low production costs, establishing it as a leader in the solar PV sector.
Daqo New Energy Corp. (NYSE: DQ) plans to release its unaudited financial results for Q3 2022 on October 27, 2022, before U.S. market opening. A conference call is scheduled for 8:00 AM U.S. Eastern Time on the same day, with dial-in details provided for participants. Daqo specializes in high-purity polysilicon production for the solar industry, holding a capacity of 105,000 metric tons. The company is recognized as one of the lowest-cost producers in its sector.
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Daqo New Energy Corp. (NYSE: DQ) announced its 2022 share incentive plan aimed at attracting and retaining talent. The plan includes the issuance of 37,253,465 restricted share units (RSUs), representing about 10% of total outstanding shares. The RSUs were granted to key employees, directors, and officers as of August 10, 2022. The Company expects to incur approximately $263.4 million in non-cash share-based compensation expenses in Q3 2022, with $7.3 million monthly from October 2022 to September 2025. This move aligns with Daqo's strategy to strengthen its workforce in the competitive solar PV market.
Daqo New Energy (NYSE: DQ) reported strong Q2 2022 financial results, with revenues of $1,244.1 million and a net income of $627.8 million, reflecting a 17.2% increase from Q1 2022. Polysilicon production was 35,326 MT, while sales volume reached 37,545 MT. The gross profit rose to $946.9 million, yielding a gross margin of 76.1%. The average cash cost of production significantly decreased to $6.51/kg. The company announced an increased annual production guidance of 129,000-132,000 MT and a share repurchase program of $120 million to enhance shareholder value.
Daqo New Energy Corp. (NYSE: DQ) will release its unaudited financial results for Q2 2022 on August 3, 2022, before U.S. markets open. A conference call is scheduled for 8:00 AM Eastern Time on the same day, with details provided for participants. Daqo is known for producing high-purity polysilicon for the solar PV industry, possessing a total production capacity of 105,000 metric tons, and is recognized as one of the lowest-cost producers in the sector.
Daqo New Energy Corp. (NYSE: DQ) announced preliminary net profit estimates from its subsidiary, Xinjiang Daqo, for H1 2022, ranging from RMB 9.4 billion to RMB 9.6 billion, reflecting a significant increase of 335% to 344% compared to RMB 2.16 billion in H1 2021. The company had reported RMB 4.31 billion in net profit for Q1 2022. Notably, these figures are based on PRC GAAP and may change upon final reporting. Investors are advised to exercise caution as actual results could vary materially.