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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.