An investigation for investors in Daqo New Energy Corp. (NYSE:DQ) shares over potential securities laws violations by Daqo New Energy Corp. was announced.
San Diego, CA -- (SBWIRE) -- 08/16/2023 -- Daqo New Energy Corp. is under investigation over potential securities laws violations in connection with certain statements.
Investors who purchased shares of Daqo New Energy Corp. (NYSE: DQ), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Daqo New Energy Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Daqo New Energy Corp. reported that its annual Total Revenue rose from over $1.67 billion in 2021 to over $4.6 billion in 2022, and that its Net Income increased from $756.21 million in 2021 to over $1.56 billion in 2022.
Shares of Daqo New Energy Corp. (NYSE: DQ) declined from $73.36 per share on August 26, 2022, to $33.40 per share on August 03, 2023.
Those who purchased shares of Daqo New Energy Corp. (NYSE: DQ) have certain options and should contact the Shareholders Foundation.
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