Shares of Daqo New Energy (DQ) soared 7.49% in pre-market trading on Monday, following the release of the company's impressive third-quarter financial results. The Chinese polysilicon manufacturer demonstrated resilience in a challenging market environment, reporting solid profitability figures that have excited investors.

According to the company's latest financial report, Daqo New Energy posted an adjusted net income of USD 3.7 million for the third quarter. This positive bottom line was complemented by a gross profit of USD 9.7 million, indicating the company's ability to maintain profitability despite industry headwinds.

The strong financial performance, particularly the ability to generate profits in a competitive market, appears to have boosted investor confidence in Daqo New Energy. As the solar energy sector continues to grow globally, the company's solid results suggest it is well-positioned to capitalize on the increasing demand for high-purity polysilicon used in solar panel production. Investors will likely be watching closely to see if this positive momentum can be sustained in the coming quarters.