Solar energy companies have been struggling in recent weeks, but a potential policy change in China has sparked a surge in their stock prices. Could this be a sign that the industry is finally turning the corner? This article explores the factors behind the recent downturn, the potential impact of China’s policy, and the implications for investors.
Daqo New Energy Corp. (DQ) reported disappointing second-quarter earnings, missing both revenue and earnings per share estimates. The company attributed the poor performance to a challenging solar industry environment characterized by falling market prices and oversupply. Despite this, Daqo remains optimistic about its long-term prospects and has announced a $100 million share repurchase program to bolster shareholder confidence.
