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 a global leader in high-purity polysilicon manufacturing for solar photovoltaic systems, powering sustainable energy solutions through vertical integration and advanced R&D. This page provides investors and industry stakeholders with centralized access to official announcements, financial disclosures, and strategic developments shaping the solar PV sector.
Track press releases covering quarterly earnings, production capacity expansions, and technological innovations in N-type polysilicon technology. Stay informed about supply chain partnerships, sustainability initiatives, and market positioning updates critical to understanding DQ's role in renewable energy transition.
Key updates include manufacturing efficiency milestones, quality certifications, and responses to solar industry dynamics. All content is sourced directly from company communications to ensure reliability, with contextual analysis of how developments impact the broader clean energy landscape.
Bookmark this page for streamlined access to Daqo New Energy's latest progress in cost-competitive polysilicon production and downstream solar module manufacturing. Check regularly for updates reflecting the company's commitment to driving solar adoption through material science leadership.
Daqo New Energy (NYSE: DQ), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has scheduled to release its unaudited financial results for the first quarter of 2025 before U.S. markets open on Tuesday, April 29, 2025.
The company will host a conference call to discuss the results at 8:00 AM U.S. Eastern Time (8:00 PM Beijing / Hong Kong time) on the same day. A replay of the call will be available for one hour after the conference conclusion through May 6, 2025.
Daqo New Energy (NYSE: DQ) reported challenging Q4 and full-year 2024 results amid significant market headwinds. The company posted a Q4 net loss of $180.2 million ($2.71 per ADS), compared to a $60.7 million loss in Q3 2024. Revenue declined to $195.4 million in Q4 from $198.5 million in Q3.
Key Q4 metrics include:
- Polysilicon production volume: 34,236 MT (down from 43,592 MT in Q3)
- Sales volume: 42,191 MT
- Average selling price: $4.62/kg (down from $4.69/kg in Q3)
- Total cash and investments: $2.2 billion
For full-year 2024:
- Revenue declined to $1.03 billion from $2.31 billion in 2023
- Net loss of $345.2 million versus net income of $429.5 million in 2023
- Production volume increased 3.7% to 205,068 MT
Daqo New Energy (NYSE: DQ), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has scheduled to release its unaudited financial results for the fourth quarter and fiscal year 2024 on February 27, 2025, before U.S. markets open.
The company will host a conference call to discuss the results at 8:00 AM U.S. Eastern Time (9:00 PM Beijing / Hong Kong time) on the same day. The call will be accessible via toll-free and international dial-in numbers, with a replay available until March 6, 2025.
Daqo New Energy (NYSE: DQ) announced that its subsidiary Xinjiang Daqo expects a significant net loss for FY2024. The preliminary estimate indicates a net loss between RMB2.6-3.1 billion, compared to a net profit of RMB5.8 billion in FY2023. The loss includes provisions for inventory and fixed asset impairment.
Daqo New Energy owns approximately 72.4% of Xinjiang Daqo's equity interest, with the majority of the company's revenue and net income coming from this subsidiary. The estimate is prepared in RMB under PRC GAAP and is subject to change upon completion of internal financial processes. The company notes that its consolidated results are reported in U.S. dollars under U.S. GAAP standards.
Daqo New Energy Corp. (NYSE: DQ), a leading high-purity polysilicon manufacturer for solar PV industry, has announced its annual general meeting (AGM) scheduled for December 10, 2024, at 10:00 AM (Beijing time). The meeting will be held at the company's Shanghai office. Shareholders of record as of November 18, 2024, will be eligible to attend in person. The company's annual report on Form 20-F is available free of charge through their website, email request, or written request to their Shanghai office.
Daqo New Energy (NYSE: DQ) has appointed Xiaoyu Xu as Deputy Chief Executive Officer, effective October 30, 2024. Xu, who has served as the company's Investor Relations Director and Board Secretary since May 2023 and as a Director since November 2023, previously worked at J.P. Morgan's Corporate and Investment Bank department. She holds an MBA from the Wharton School and a BS from UC Berkeley's Haas School of Business. Xu is the daughter of Daqo's Chairman and CEO, Xiang Xu, who expressed confidence in her ability to bring global perspectives and drive the company's next growth phase in renewable energy transition.
Daqo New Energy reported challenging Q3 2024 results amid difficult market conditions. Revenue decreased to $198.5 million from $219.9 million in Q2 2024. The company posted a net loss of $60.7 million, improving from Q2's loss of $119.8 million. Polysilicon production volume dropped to 43,592 MT from 64,961 MT in Q2, with average selling price declining to $4.69/kg from $5.12/kg. The company maintains strong liquidity with $2.4 billion in quick assets. For Q4 2024, Daqo expects production of 31,000-34,000 MT, with full-year 2024 guidance at 200,000-210,000 MT.
Daqo New Energy Corp. (NYSE: DQ), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced plans to release its unaudited financial results for the third quarter of 2024 on October 30, 2024, before U.S. markets open. The company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on the same day.
The press release provides dial-in details for the earnings conference call, including toll-free and international numbers for various regions. A webcast link is also provided for those who wish to join online. Additionally, a replay of the call will be available for one week after the conclusion of the conference call, with replay access details provided.
Daqo New Energy Corp. (NYSE: DQ) reported its unaudited financial results for Q2 2024. Polysilicon production reached 64,961 MT, an increase from 62,278 MT in Q1 2024, but sales volume decreased to 43,082 MT from 53,987 MT in Q1 2024. The average selling price (ASP) dropped to $5.12/kg from $7.66/kg in Q1 2024, resulting in a revenue decline to $219.9 million from $415.3 million.
Gross loss amounted to $159.2 million, compared to a gross profit of $72.1 million in Q1 2024. The net loss attributable to shareholders was $119.8 million, a stark contrast to the net income of $15.5 million in Q1 2024. The loss per ADS was $1.81, down from earnings of $0.24 in Q1 2024. EBITDA was -$144.9 million, with a margin of -65.9%.
Despite the downturn in the solar market, Daqo maintained a strong balance sheet with $997 million in cash and $1.1 billion in cash and bank note receivables. The company initiated production at the Phase 5B polysilicon project, contributing 12% to the total production volume.
Daqo adjusted its production outlook for Q3 2024 to 43,000-46,000 MT and for the full year to 210,000-220,000 MT, reflecting current market conditions. The company believes the industry downturn will eventually lead to market consolidation and healthier profitability.
Daqo New Energy Corp. (NYSE: DQ), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced plans to release its unaudited financial results for the second quarter of 2024 on August 26, 2024, before U.S. markets open. The company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on the same day.
The earnings conference call will be accessible via toll-free and international dial-in numbers, with options for participants from China mainland and Hong Kong. A webcast link is also provided for those who prefer to join online. A replay of the call will be available for one week after the conclusion of the conference.
