Daqo New Energy Q1 Polysilicon Production Volume 62,278MT Vs. 61,014MT in Q4 FY23; And Polysilicon Sales Volume 53,987MT Vs. 59,906MT In Q4 FY23
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy reported a Q1 polysilicon production volume of 62,278MT, an increase from 61,014MT in Q4 FY23. However, polysilicon sales volume decreased to 53,987MT from 59,906MT in the same period.
April 29, 2024 | 10:40 am
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Daqo New Energy's Q1 report shows increased polysilicon production but a decrease in sales volume compared to Q4 FY23.
The increase in production volume indicates operational efficiency and potential for future sales growth. However, the decrease in sales volume could signal market challenges or inventory adjustments. The mixed nature of these results suggests a neutral short-term impact on DQ's stock price, as investors may weigh the positive production against the negative sales trends.
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