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 mail@shareholdersfoundation.com 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.