Daqo New Energy Expects To Produce Approximately 60,000MT-63,000MT Of Polysilicon in Q2 FY24 And Approximately 280,000MT-300,000MT Of Polysilicon In 2024
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy, symbol DQ, forecasts its Q2 FY24 polysilicon production to be between 60,000MT and 63,000MT, and its full-year 2024 production to range from 280,000MT to 300,000MT.

April 29, 2024 | 10:43 am
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Daqo New Energy expects to significantly increase its polysilicon production in Q2 FY24 and throughout 2024.
The projected increase in polysilicon production by Daqo New Energy indicates a positive growth trajectory for the company. This expansion in production capacity could meet rising demand in the solar energy sector, potentially leading to increased revenues and profitability. Investors might view this news as a bullish signal for DQ's stock in the short term, given the critical role of polysilicon in the solar panel manufacturing process.
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