Longgen Zhang

China's Daqo New Energy Corp (NYSE: DQ) stated on Thursday that 2 of its units have actually been awarded a five-year contract to supply high-purity polysilicon to a huge solar production business in China.

Subsidiaries Xinjiang Daqo as well as Inner Mongolia Daqo will certainly supply this leading production business with a total quantity of 432,000 MT high-purity mono-grade polysilicon. The supplies are scheduled for January 1, 2023 to December 31, 2028.

Daqo New Energy Corp (NYSE: DQ) last week reported record-high manufacturing quantity and also internet earnings in the 3rd quarter of 2021 as polysilicon market prices rose additionally.

Significant polysilicon producer Daqo New Energy has actually unveiled plans to increase its annual production ability to 270,000 metric heaps (MT) by 2024 while also plotting a course for prominence of the n-type polysilicon market.

Daqo New Energy Corp (NYSE: DQ) on Tuesday said it has actually completed the IPO registration process for its significant subsidiary Xinjiang Daqo New Energy, expecting the share issuance to be concluded within 4 weeks.

China's Daqo New Energy Corp (NYSE: DQ) revealed today the finalizing of a long-lasting polysilicon supply agreement with solar modules producer JA Solar Technology Co Ltd (SHE:002459).

When it concerns technology stocks, the names topping the efficiency list this year could stun you. Companies involved in apps and also solar power have actually been warming up portfolios the most.

China-based polysilicon manufacturer, Daqo New Energy Corp has actually protected near-term polysilicon supply deals with SMSL (Solar Module Super League) participant, JA Solar and also an unknown existing client that means it is sold out up until a brand-new polysilicon plant is constructed as well as functional sometime in 2022.

Longgen Zhang, the chief executive of polysilicon carrier Daqo New Energy, has actually surrendered from the board of supervisors of leading solar module manufacturer JinkoSolar.

Trina Solar has actually signed an additional upstream manufacturing supply arrangement, penning a long-term high purity polysilicon supply handle Daqo New Energy.

Polysilicon maker Daqo New Energy has submitted new papers relating to a prospective initial public offering (IPO) to the Shanghai Stock Exchange, detailing exactly how profits will certainly be invested in new centers.

Major polysilicon manufacturer Daqo New Energy anticipates polysilicon demand to outstrip supply for a minimum of the next 18 months, because of the absence of brand-new polysilicon ability as well as solid demand as a growing number of 'Solar Module Super League' (SMSL) members continue to include in-house monocrystalline ingot and also wafer manufacturing.

The Chinese polysilicon titan's take-home pay dropped virtually 23% year on year to $29.5 million in monetary 2019, although it uploaded a 16% year-on-year enter income to $350 million. It anticipates its polysilicon result to rise in the year in advance, regardless of the danger positioned by the coronavirus break out.

Polysilicon manufacturer Daqo has announced the start of pilot production in Xinjiang and expects to ramp up to full output by the end of the year, doubling the company’s annual capacity to 70,000 MT. Some 90% of its poly will be mono by that stage and Daqo expects 40% to be suitable for n-type products next year.

China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.