Shares of Daqo New Energy Corp. (DQ), monocrystalline silicon and polysilicon manufacturer, are rising more than 9% after the company said its Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
As per the deal, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company with a total amount of 137,000 MT high-purity mono-grade polysilicon from November 2022 to December 2027.
"It's the fourth long-term contract we signed with our customers in the fourth quarter of 2022 and it demonstrates our leadership in the polysilicon industry as a reliable and preferred supplier for many top-tier Chinese solar manufacturers," commented Longgen Zhang, chief executive officer of Daqo New Energy.
DQ, currently at $50.31, has traded in the range of $32.20-$77.18 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.