Daqo New Energy Q1 FY24 Polysilicon Average Selling Prices $7.66/kg Vs. $7.97/kg In Q4 FY23
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy reported a decrease in polysilicon average selling prices to $7.66/kg in Q1 FY24 from $7.97/kg in Q4 FY23, indicating a potential pressure on revenue.
April 29, 2024 | 10:37 am
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Daqo New Energy's polysilicon average selling prices decreased in Q1 FY24, which may signal revenue pressure and impact investor sentiment.
The decrease in average selling prices of polysilicon for Daqo New Energy from Q4 FY23 to Q1 FY24 suggests potential pressure on the company's revenue and profitability. This could lead to negative investor sentiment in the short term, impacting the stock price negatively.
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