Daqo New Energy Q2 Polysilicon Production Volume 64,961MT Vs. 62,278MT in Q1 FY24; And Polysilicon Sales Volume 43,082MT Vs. 53,987MT In Q1 FY24
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy reported an increase in Q2 FY24 polysilicon production to 64,961MT from 62,278MT in Q1 FY24, while sales volume decreased to 43,082MT from 53,987MT in Q1 FY24.
August 26, 2024 | 10:36 am
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NEUTRAL IMPACT
Daqo New Energy's Q2 FY24 results show increased polysilicon production but decreased sales volume, which may impact revenue and profitability.
The increase in production suggests operational efficiency, but the decrease in sales volume could indicate demand issues or inventory buildup, potentially affecting revenue and profitability. The mixed results lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100