Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2024 Results
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Daqo New Energy Corp. reported its unaudited financial results for Q4 and fiscal year 2024. The company saw a decrease in cash reserves, production volume, and average selling price of polysilicon, leading to a gross loss of $65.3 million in Q4 2024.
February 27, 2025 | 10:00 am
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Daqo New Energy's Q4 2024 results show decreased cash reserves, production volume, and ASP, resulting in a gross loss of $65.3 million. This may negatively impact short-term stock performance.
The financial results indicate a decrease in key metrics such as cash reserves, production volume, and average selling price, leading to a gross loss. These factors are likely to negatively impact investor sentiment and the stock price in the short term.
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