INDUSTRY BRIEF: Daqo, Tongwei promise to scale back polysilicon production
Two of China’s leading producers of polysilicon, a key material used to make solar panels, have promised to scale back their production to ease an industry glut. Daqo New Energy…
GCL Technology plunges into the red, eyes Middle East production
The polysilicon maker said it lost nearly 3 billion yuan in the first three quarters of the year, but hopes to rebound as it starts to put more of its…
Daqo toes the line as Beijing tries to cool down solar oversupply
The polysilicon maker said it is currently using just half its capacity, a level that appears to be set by the central government as it tries to stabilize the market…
Drinda New Energy powers up IPO for overseas expansion
The leading Chinese maker of photovoltaic cells has applied for a Hong Kong listing, hoping a broad market rally will galvanize its IPO prospects Key Takeaways: Drinda fell into the…
FAST NEWS: GCL Technology signs major polysilicon supply deal
The latest: GCL Technology Holdings Ltd. (3800.HK) announced Thursday that it signed an agreement to sell 125,000 tons, 150,000 tons and 150,000 tons of polysilicon to solar panel maker Longi…
NEWS WRAP: GCL Tech profit plummets on falling polysilicon prices
The maker of a key ingredient for solar panel production said its revenue fell 6.2% last year, as it recorded a 3 billion yuan loss in the second half of…
Now all grown up, should Daqo consider privatizing?
The polysilicon maker has more than enough cash to purchase all of its outstanding shares, as its stock remains stubbornly undervalued by investors Key Takeaways: Daqo’s output rose 80% in…