Shares of Daqo New Energy (DQ) are soaring 10.60% in intraday trading on Monday following the release of the company's impressive third-quarter 2025 financial results. The Chinese polysilicon manufacturer demonstrated a strong turnaround, beating revenue expectations and returning to profitability amid improved market conditions.

Daqo reported Q3 revenue of $244.6 million, significantly surpassing analysts' expectations of $184.02 million. The company swung to an adjusted earnings per share of $0.05, a marked improvement from a loss of $0.59 in the same period last year. This positive performance was driven by a substantial increase in polysilicon sales volume, which skyrocketed 134% quarter-over-quarter to 42,406 metric tons, and an improved average selling price of $5.80 per kilogram, up from $4.19 in Q2.

CEO Xiang Xu highlighted the company's ongoing cost reduction efforts, stating, "Production cost declined significantly during the third quarter, extending our ongoing cost reduction trend." This cost efficiency, combined with the recovery of market prices across the solar PV value chain, contributed to Daqo's improved financial metrics. The company reported a positive adjusted EBITDA of $45.8 million and a gross profit of $9.7 million, reversing losses from the previous quarter. With a strong cash position of $2.21 billion and an optimistic outlook for Q4 production, Daqo New Energy appears well-positioned to capitalize on the rebounding solar energy sector, driving investor enthusiasm and the stock's significant uptick.