Daqo New Energy is trading 5.19% down now at $12.97 as solar stocks weaken across China.
- On August 31, GCL Technology fell 8.86% and Xinyi Solar declined 7.47%; industry losses and weak demand remain concerns.
- Pressure also reflects the August 20 earnings miss and Goldman Sachs’ August 25 Sell downgrade; no fresh company-specific announcement was found.
- The broader market is lower amid geopolitical tension, higher oil prices, and renewed interest-rate concerns, adding risk-off pressure.