Daqo New Energy Launches $100M Buyback Program

Daqo New Energy (DQ) has released an update.

Daqo New Energy Corp., a leading manufacturer of high-purity polysilicon for solar PV, has embarked on a $100 million share repurchase program to bolster shareholder value, reflecting the company’s confidence in its business amidst the industry’s downcycle. The repurchase plan, set to run until mid-2025, will be funded from available cash reserves and does not require a fixed number of shares to be bought back, allowing flexibility based on market conditions.

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