Daqo New Energy Corp - DQ STOCK NEWS

Daqo New Energy Corp. (NYSE: DQ) announced Q1 2021 financial results with revenues of $256.1 million, up from $247.7 million in Q4 2020. Polysilicon production reached 20,185 MT, a slight decrease from 21,008 MT in Q4. The gross profit improved to $118.9 million with a gross margin of 46.4%, compared to 44.2% in the previous quarter. Net income attributable to shareholders was $83.2 million, leading to earnings per ADS of $1.13. The company anticipates stronger ASPs in Q2, projecting between $19.00 and $20.00 per kg.

Daqo New Energy Corp. (NYSE: DQ) announced a long-term supply agreement with JA Solar to provide approximately 78,200 MT of high-purity mono-grade polysilicon from July 2021 to December 2025. The actual volume and pricing will be negotiated monthly based on market conditions. JA Solar will make an advance payment to Daqo New Energy. The company anticipates entering a growth phase with its Phase 4B project coming online in Q1 2022, which will increase its capacity to meet the rising demand in the solar PV market.

Daqo New Energy Corp. (NYSE: DQ) hosted a field trip for institutional investors and solar industry analysts at its polysilicon facility in Shihezi, China, on May 11, 2021. The event was attended by representatives from major financial institutions such as Goldman Sachs and JP Morgan. Daqo's management emphasized their commitment to transparency and the automation of their production processes, which they assert minimizes the use of unskilled labor. A similar event is scheduled for May 12 for additional investors. The company is also expanding its production capacity, with an additional 35,000 metric tons expected by Q1 2022.

Daqo New Energy Corp. (NYSE: DQ), a prominent polysilicon manufacturer for the solar PV sector, will announce its unaudited financial results for Q1 2021 on May 18, 2021, before U.S. markets open. A conference call to discuss these results is scheduled for 8:00 AM ET on the same day. The call will be accessible via U.S. toll-free and international numbers, with a replay available until May 25, 2021. Daqo, established in 2007, has a production capacity of 70,000 metric tons per year and is recognized as one of the lowest cost producers in the industry.

Daqo New Energy Corp. (NYSE: DQ) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 22, 2021. This report includes the Company's audited consolidated financial statements. Daqo is a significant player in the global solar PV industry, recognized as one of the world's lowest-cost producers of high-purity polysilicon, with a production capacity of 70,000 metric tons annually at its advanced facility in China. The full report is available on the SEC's website and Daqo's investor relations page.

Daqo New Energy Corp. (NYSE: DQ) announced a three-year supply agreement with Gaojing Solar Energy Technology Co., LTD for high-purity polysilicon. The agreement involves the delivery of 45,900 MT of polysilicon from June 2021 to May 2024. Gaojing Solar, which aims for a 50GW solar wafer capacity, is set to begin operations with a 15GW production capacity by September 2021. The deal underscores Daqo's role in supporting the growing solar market while Gaojing aims to leverage Daqo's high-quality materials to enhance competitiveness.

Daqo New Energy Corp. (DQ) reported strong financial results for Q4 2020, with revenues reaching $247.7 million, a significant increase from Q3's $125.5 million. The company achieved a record polysilicon production volume of 21,008 MT and a sales volume of 23,186 MT. Net income attributable to shareholders was $72.8 million, translating to earnings per ADS of $1.01. For the full year 2020, revenues were $675.6 million, with a gross profit of $234.0 million and an operating margin of 27.8%.

Daqo New Energy Corp. (NYSE: DQ) has announced a three-year supply agreement to provide Wuxi Shangji Automation with 52,700 MT of high-purity mono-grade polysilicon from July 2021 to June 2024. The pricing will be negotiated monthly based on market conditions, with an advance payment from Shangji. This agreement strengthens the strategic partnership between the two companies, as Shangji expands its capacity in the solar PV market, utilizing advanced technology.

Daqo New Energy Corp. (NYSE: DQ) has signed a three-year supply agreement with Zhonghuan Semiconductor for 41,000 MT of high-purity polysilicon, set to be delivered from 2021 to 2023. This deal aims to support Zhonghuan's solar wafer production. Both companies will negotiate prices monthly based on market conditions, with Zhonghuan making an advance payment. Daqo New Energy plans to expand its production capacity to meet growing demand in the solar PV market, emphasizing product quality improvements.