Daqo New Energy Sees FY23 Polysilicon Production Of 193,000MT -198,000MT; For Q3 55,000MT - 57,000MT
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy has projected its FY23 Polysilicon production to be between 193,000MT and 198,000MT. The company also expects its Q3 production to be between 55,000MT and 57,000MT.
August 04, 2023 | 12:59 pm
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POSITIVE IMPACT
Daqo New Energy's projected increase in Polysilicon production for FY23 and Q3 could potentially boost its stock price.
Increased production often indicates a company's positive outlook on market demand. This could lead to increased revenues and potentially a rise in the company's stock price. However, this is also dependent on other factors such as cost of production and market prices.
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