Actions ofDaqo New Energy (NYSE: DQ) fell about 14.7% today, according to data from S&P Global Market Intelligence. China’s stock of solar power materials lost ground in conjunction with price moves for the Xinjiang Daqo subsidiary, which made its initial public offering (IPO) yesterday on the Shanghai Stock Exchange (SSE).
Xinjiang Daqo’s stock price climbed around 184% on its first day of trading in the market, and Daqo New Energy stock jumped around 20% during the session thanks to the enthusiasm for listing in Shanghai. price changes for its subsidiary.
Many Chinese companies that list their stocks on the US stock exchanges have recently turned to listings on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in order to raise capital and reduce exposure to risks associated with listing alone. stock Exchange. Other than raising new capital, Xinjiang Daqo’s SSE listing is unlikely to have much of an impact on Daqo New Energy’s long-term shareholders.
Xinjiang Daqo sold 3 million shares when it went public, which is about 15.6% of the company’s total outstanding shares. The sale raised 6.45 billion Chinese yuan, or about $ 1 billion based on the current exchange rate. Prior to the public offering, Daqo New Energery held a 95.6% stake in Xinjiang Daqo.
Renewable energy technologies could see an increase in demand over the next decade and beyond, but Daqo is not the only major producer of polysilicon, and the space could become increasingly competitive. The company is already showing substantial sales and profits, but investors should understand that Daqo’s performance is sensitive to price changes in the polysilicon market.
Daqo New Energy has a market capitalization of around $ 5 billion and is valued at around 3.3 times expected sales this year and 8.6 times expected earnings this year.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a premium Motley Fool consulting service. Were motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]