Why Polysilicon Company Daqo New Energy's Shares Are Diving Monday - Daqo New Energy (NYSE:DQ)

Published on 29 Apr 2024 on Benzinga

Why Polysilicon Company Daqo New Energy's Shares Are Diving Monday - Daqo New Energy (NYSE:DQ)

Daqo New Energy Corp. DQ shares are trading lower after the company missed first-quarter FY24 EPS and sales estimates.

Revenue of $415.3 million versus $709.8 million a year ago, missed the consensus of $491.9 million. Polysilicon average selling price (ASP) was $7.66/kg in first-quarter, vs. $7.97/kg in fourth-quarter of 2023.

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