Daqo New (DQ) stock is soaring 5.10% in Monday's intraday trading, riding the wave of a broader rally in the solar sector. The significant uptick comes as several solar stocks are experiencing substantial gains across the board.

The solar industry is seeing a notable surge, with Canadian Solar leading the pack with a 15% increase. Other major players in the sector are also posting impressive gains, including Array Technologies and Maxeon Solar, both up over 8%, SolarEdge rising 7%, and Sunrun climbing more than 6%. This widespread rally in solar stocks appears to be lifting Daqo New along with its peers.

Daqo New, a major manufacturer of high-purity polysilicon for the global solar PV industry, is likely benefiting from the positive sentiment surrounding the solar energy sector. As a key supplier in the solar supply chain, Daqo New's stock movement often correlates with broader trends in the solar market. The company's role in producing a critical component for solar panel manufacturing positions it to potentially benefit from any increased demand or positive outlook for the solar industry as a whole.