Shares of Daqo New Energy (DQ) plummeted 6.85% during Thursday's intraday trading session following the release of its fourth-quarter 2025 financial results.

The solar polysilicon manufacturer reported quarterly revenue of $221.7 million, which fell significantly short of the analyst consensus estimate of $273.7 million. This revenue miss of approximately 19% appears to be the primary factor driving the stock's decline, overshadowing the company's better-than-expected adjusted loss per share.

While Daqo New Energy showed improvement in several operational areas, including increased production volume and reduced costs, investor sentiment was negatively impacted by the substantial revenue shortfall against market expectations. The company's performance highlights ongoing challenges in the solar PV industry's supply-demand dynamics and pricing environment.