Daqo New Energy traded at $70.69 this Friday July 1st, decreasing $0.69 or 0.97 percent since the previous trading session. Looking back, over the last four weeks, Daqo New Energy lost 30.54 percent. Over the last 12 months, its price rose by 13.01 percent. Looking ahead, we forecast Daqo New Energy to be priced at 65.28 by the end of this quarter and at 59.82 in one year, according to Trading Economics global macro models projections and analysts expectations.

Stock Price
70.69
Daily Change
-0.97%
Yearly
13.01%

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Daqo New Energy 70.69 -0.69 -0.97% 13.01%
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Daqo New Energy
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company's segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company offers wafers through its downstream photovoltaic product manufacturing business. The Company also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The Company's wafer manufacturing annual capacity is approximately 90 million pieces.