Daqo New Energy Narrows Losses Amid Solar Market Challenges
Company Announcements

Daqo New Energy Narrows Losses Amid Solar Market Challenges

Daqo New Energy (DQ) has released an update.

Daqo New Energy reported a narrowed net loss of $60.7 million in Q3 2024, reflecting improvements from the previous quarter despite challenging market conditions in the solar industry. The company managed to maintain strong liquidity with $2.4 billion in quick assets, while adjusting production rates and investing in R&D to improve product purity. Although the company experienced a decrease in polysilicon production and sales, it continues to focus on operational adjustments and financial strategies to navigate the market’s oversupply issues.

For further insights into DQ stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskDaqo New Energy to Hold Annual General Meeting
TipRanks Auto-Generated NewsdeskDaqo New Energy: Q3 2024 Financial Performance Analysis
TheFlyDaqo New Energy upgraded to Outperform from Hold at Daiwa
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App