Daqo New Energy Corp

DQ

Equity

ISIN null / Valor 20260854

New York Stock Exchange, Inc (2025-10-17)

USD 26.80-1.94%

Daqo New Energy Corp
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About company

Daqo New Energy Corp. (NYSE: DQ), established in 2007, is a prominent player in the solar photovoltaic (PV) industry, specializing in the production of high-purity polysilicon. This key material is essential for the manufacture of solar PV products, including ingots, wafers, cells, and modules, which are integral components of solar power solutions. With a total nameplate capacity of 205,000 metric tons, Daqo New Energy positions itself as one of the world's most efficient and lowest-cost producers of high-purity polysilicon. The company serves a global market, providing its high-quality polysilicon to photovoltaic product manufacturers around the world, thereby playing a crucial role in the supply chain of the renewable energy sector.

Summarized from source with an LLMView SourceSector: Energy

Financial Performance

In Q2 2025, Daqo New Energy reported revenue of $75.2 million, a decrease from $123.9 million in Q1 2025. The company experienced a net loss of $76.5 million, up from $71.8 million in the previous quarter. The gross margin worsened to -108.3% from -65.8% in Q1 2025.

Production and Sales

Polysilicon production increased to 26,012 MT in Q2 2025 compared to 24,810 MT in Q1 2025. However, sales volume dropped significantly to 18,126 MT from 28,008 MT in the first quarter, reflecting reduced demand and strategic scaling back of new orders.

Cost Efficiency

The average total production cost decreased to $7.26/kg in Q2 2025 from $7.57/kg in Q1 2025. Similarly, the average cash cost declined to $5.12/kg, down from $5.31/kg in the previous quarter, driven by lower silicon metal costs and reduced energy consumption.

Strong Balance Sheet

Daqo New Energy maintained a robust financial position with total liquid assets of $2.06 billion at the end of Q2 2025, slightly down from $2.15 billion at the end of Q1 2025. The company reported no financial debt, ensuring ample liquidity to navigate current market challenges.

Market Conditions and Outlook

The solar PV industry faced ongoing challenges in Q2 2025, including declining market prices and high inventory levels. Despite these conditions, Daqo New Energy anticipates an increase in polysilicon production in Q3 2025 and remains optimistic about long-term growth prospects in the global solar market.

Summarized from source with an LLMView Source

Key figures

49.8%1Y

-44.3%3Y

-33.0%5Y

Performance

78.6%1Y

67.1%3Y

77.4%5Y

Volatility