Daqo New Energy approves $100mln share repurchase program through Dec 31, 2026.

Daqo New Energy Corp. announced a $100 million share repurchase program approved by its board of directors, effective through Dec. 31, 2026. The program allows for the purchase of up to $100 million worth of the company's own ordinary shares or ADSs through open-market purchases or negotiated transactions. The company plans to fund the repurchases primarily from its existing cash balance.

Daqo New Energy Corp. (NYSE: DQ), a prominent manufacturer of high-purity polysilicon for the solar PV industry, has recently announced a $100 million share repurchase program. The initiative, approved by the company's board of directors, will run from August 26, 2025, through December 31, 2026 [1].

The program allows Daqo to repurchase up to $100 million worth of its ordinary shares or American depositary shares (ADSs) through various means, including open-market purchases and negotiated transactions. The repurchases will be primarily funded from the company's existing cash reserves, with no obligation to acquire shares at specific times.

CEO Xiang Xu expressed confidence in the company's business prospects, despite the current industry downturn, and emphasized the initiative's commitment to sustainable growth and long-term shareholder value.

[1] https://www.stocktitan.net/news/DQ/daqo-new-energy-announces-100-million-share-repurchase-sst2sbcaz9gz.html