Daqo New Energy (DQ), a leading polysilicon manufacturer, saw its stock soar 9.48% in pre-market trading on Monday. This significant uptick comes as Asian equities traded as American Depositary Receipts (ADRs) experienced a broad rally, with the S&P Asia 50 ADR Index surging 3.41%.
Daqo New Energy's impressive performance placed it among the top gainers from North Asia, with the company's stock advancing even more than initially reported in early trading. The surge in Daqo's stock price outpaced the already strong 8.3% gain mentioned in earlier market updates, indicating growing investor confidence throughout the morning session.
Adding to the positive sentiment, Daqo New Energy announced that it will release its third quarter 2025 financial results on October 27, 2025, before U.S. markets open. The anticipation of these upcoming financial results may have contributed to the stock's strong performance, as investors position themselves ahead of the earnings release. The company has scheduled a conference call to discuss the results on the same day, providing an opportunity for further insights into Daqo's performance and outlook.