Daqo New Energy slumps on Q2 revenue miss
20/08/2026 11:58
BUZZ-Daqo New Energy slumps on Q2 revenue miss ** Shares of Daqo New Energy DQ.N fall ~11% to $12.55 premarket
** The polysilicon manufacturer misses Q2 revenue estimates, hurt by weak solar demand and lower polysilicon prices
** Reports Q2 revenue of $62.7 million; analysts on avg expected $190.3 million
** In Q226, "market sentiment across the solar PV industry remained cautious amid weak domestic demand and elevated inventory levels, which drove prices lower across the solar value chain" - CEO Xiang Xu
** Up to last close, DQ shares down ~52% YTD
(Reporting by Shania S Thomas in Bengaluru)
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