DAQO NEW ENERGY CORP.
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Daqo New Energy, a polysilicon manufacturer, reported a deeper net loss in the first quarter of 2026 due to a significant decrease in revenues. The company's financial performance was negatively impacted by reduced sales, even as it continues to operate in the solar power sector within China and the Asia Pacific region.
Daqo New Energy Corp. announced its FY2025 financial results, showing a decline in revenue to $665.4 million due to lower polysilicon prices and reduced sales volumes. Despite a gross loss, the company improved its EBITDA to $1.7 million from a negative $337.4 million in FY2024. The net loss attributable to shareholders also decreased, and the company projects increased polysilicon production for FY2026.
Here is how Daqo New Energy (DQ) and FTC Solar (FTCI) have performed compared to their sector so far this year.
