Daqo New Energy Says In 2023 Polysilicon Average Selling Prices Declined Significantly To $11.48/Kg From $32.54/Kg In 2022
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy reported a significant decline in the average selling prices of polysilicon to $11.48/kg in 2023 from $32.54/kg in 2022.
February 28, 2024 | 11:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Daqo New Energy's significant drop in polysilicon prices could impact its revenue and profitability.
The substantial decrease in the average selling price of polysilicon directly affects Daqo New Energy's core business, likely leading to reduced revenue and profitability in the short term. This could negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100