Chinese EV and Solar Stocks Soared This Week [Yahoo! Finance]
DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ)
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Source: Yahoo! Finance
There has been great news for companies based in China, and the EV and renewable energy sector reacted strongly this week. According to data provided by S&P Global Market Intelligence Li Auto (NASDAQ: LI) jumped as much as 14.9% in trading this week, Zeekr Intelligent Technology (NYSE: ZK) rose 30.3%, and Daqo New Energy (NYSE: DQ) jumped 19.8%. Not only have the Chinese stimulus plans been a tailwind, Li and Zeekr also announced their deliveries for September 2024, and they weren't as bad as feared. The pop may not last if China's economy doesn't improve, but for now, these stocks are flying high. China's stimulus gets bigger and bigger After initially being announced a week ago, more details about China's stimulus plans have come out over the past week, and it's a sizable amount of money being poured into the economy. According to Deutsche Bank , the stimulus could be $1.07 trillion, or about 6% of China's GDP. Investors took that as a great sign for the Chinese economy and
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News
- Daqo New Energy Corp. to Hold Annual General Meeting on December 10, 2024 [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy Corp. to Hold Annual General Meeting on December 10, 2024PR Newswire
- Why SolarEdge Stock Dropped, Then Popped Today, and Why Sunnova and Daqo New Energy Are Moving, Too [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy Corp. (NYSE: DQ) was upgraded by analysts at Daiwa America from a "hold" rating to a "strong-buy" rating.MarketBeat
- Daqo New Energy Corp. (NYSE: DQ) was upgraded by analysts at Daiwa Capital Markets from a "neutral" rating to an "outperform" rating.MarketBeat
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Earnings
- 10/30/24 - Beat
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Sec Filings
- 11/20/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- DQ's page on the SEC website