China's Solar Firms Set to Lower Annual Growth Targets as Profits Crumble [BNN Bloomberg (Canada)]
DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ)
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am
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Source: BNN Bloomberg
The China Photovoltaic Industry Association gathers in Beijing for its annual conference on Wednesday, with firms being forced to balance dwindling profits against the government's relentless push for ever more clean energy. Although panel prices have dropped steeply, lowering the cost to developers, manufacturers are getting squeezed by overcapacity. Consolidation, including bankruptcies, are on the cards. China installed 217 gigawatts of capacity last year, more than all the solar panels in the US, after initial predictions that the figure could be as low as 95 gigawatts. That would still have been a record, but twice during the year the association was forced to raise its forecasts to keep pace with the flood of new additions, which have set China well on the way to its goal of tripling renewable power by the end of the decade. China is also struggling to ensure that electricity grids and markets are capable of absorbing all of the extra clean power. BloombergNEF forecasts sol
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- Daqo New Energy Corp. (NYSE: DQ) had its "neutral" rating re-affirmed by analysts at Roth Mkm. They now have a $23.00 price target on the stock.MarketBeat
- Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
DQ
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- 4/29/24 - Miss
DQ
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- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- 4/16/24 - Form 6-K
- DQ's page on the SEC website