Daqo New Energy Soars 10.33% on Stock Split Announcement

Daqo New Energy's stock surged 10.33% in pre-market trading on July 2, 2025, driven by a significant corporate action. The company announced a 5-for-1 forward stock split, which means shareholders will now hold five shares for every one share previously held. This move is expected to make the stock more accessible to a broader range of investors, potentially increasing liquidity and attracting new buyers.

Daqo New Energy's recent financial performance has been challenging, as reported in their 2024 financial results. Despite this, the stock split has generated positive sentiment among investors, leading to the pre-market surge. The company's inclusion in various ETFs, such as the Invesco Solar ETF and the SPDR S&P Kensho Clean Power ETF, further supports its position in the renewable energy sector. These ETFs provide exposure to a diversified portfolio of clean energy companies, including Daqo New Energy, which is a leading manufacturer of polysilicon, a key material used in solar panels.

Looking ahead, Daqo New Energy is scheduled to release its earnings for the second quarter of 2025 on July 30, 2025. Investors will be closely watching these results to gauge the company's performance and outlook. The earnings release will provide insights into the company's financial health, operational efficiency, and strategic initiatives. Positive earnings could further boost investor confidence and drive the stock price higher, while disappointing results could lead to a correction.