Daqo New Energy falls on Q2 revenue miss

Daqo New Energy

26/08/2025 13:37

** Shares of polysilicon manufacturer Daqo New Energy DQ.N down 5.8% at $22.51 premarket

** Company misses Q2 revenue estimates, hurt by challenges in solar PV industry

** DQ posts Q2 revenue of $75.2 million vs estimates of $140.5 million - data compiled by LSEG

** "The solar PV industry faced continued challenges in the second quarter of 2025 with market prices across the solar value chain declining due to industry overcapacity and high inventory levels, remaining below cash cost levels," CEO Xiang Xu says

** As of last close, DQ shares up ~23% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))