Daqo New Gains 1.1% Following Announcement of $100 Million Share Buyback Program

Deep News

08/27

Daqo New Energy Co., Ltd. (DQ) rose 1.1% in early U.S. trading on Wednesday after the company announced a $100 million share buyback program and projected production volumes of 110,000 to 130,000 tons for 2025 amid changing regulatory policies.

Despite experiencing operational losses due to reduced capacity utilization rates, the company continues to maintain a robust balance sheet with zero interest-bearing debt.

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