Stock Track | Daqo New Energy Soars 10.37% as China Tightens Rules to Ease Solar Overcapacity

Stock Track11-20

Daqo New Energy Corp., a leading manufacturer of solar photovoltaic products, saw its stock soar 10.37% in the pre-market trading on Wednesday. This surge came after China's industry ministry issued new investment guidelines to curb the overcapacity that has plagued the solar manufacturing sector.

The Chinese government has tightened the investment criteria for solar product manufacturing projects. The new rules require a minimum capital ratio of 30% for solar PV projects, up from the previous requirement of 20%. This move aims to rein in the booming solar manufacturing industry, which has been grappling with oversupply and fierce price competition.

The overcapacity and price wars in the solar panel market have led to losses for major producers who have been forced to sell their products at below-market prices. Smaller manufacturers have been facing an even more alarming situation, with some compromising on quality to survive the race to the bottom.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1163023205?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 23:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163023205","market":"hk","top_or_hot":-1,"title":"Stock Track | Daqo New Energy Soars 10.37% as China Tightens Rules to Ease Solar Overcapacity","media":"Stock Track","content":"<p>Daqo New Energy Corp., a leading manufacturer of solar photovoltaic products, saw its stock soar 10.37% in the pre-market trading on Wednesday. This surge came after China's industry ministry issued new investment guidelines to curb the overcapacity that has plagued the solar manufacturing sector.</p>\n\n<p>The Chinese government has tightened the investment criteria for solar product manufacturing projects. The new rules require a minimum capital ratio of 30% for solar PV projects, up from the previous requirement of 20%. This move aims to rein in the booming solar manufacturing industry, which has been grappling with oversupply and fierce price competition.</p>\n\n<p>The overcapacity and price wars in the solar panel market have led to losses for major producers who have been forced to sell their products at below-market prices. Smaller manufacturers have been facing an even more alarming situation, with some compromising on quality to survive the race to the bottom.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Daqo New Energy Soars 10.37% as China Tightens Rules to Ease Solar Overcapacity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Daqo New Energy Soars 10.37% as China Tightens Rules to Ease Solar Overcapacity\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-20 23:12 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Daqo New Energy Corp., a leading manufacturer of solar photovoltaic products, saw its stock soar 10.37% in the pre-market trading on Wednesday. This surge came after China's industry ministry issued ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DQ","symbol_name":"大全新能源","start_time":0,"source_url":"","article_id":"1163023205","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163023205","pubTimestamp":1732115562,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Daqo New Energy Corp., a leading manufacturer of solar photovoltaic products, saw its stock soar 10.37% in the pre-market trading on Wednesday. This surge came after China's industry ministry issued new investment guidelines to curb the overcapacity that has plagued the solar manufacturing sector.The Chinese government has tightened the investment criteria for solar product manufacturing projects. The new rules require a minimum capital ratio of 30% for solar PV projects, up from the previous re","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DQ":"大全新能源"},"translate_title":"股票赛道大全新能源大涨10.37%中国收紧规则缓解太阳能产能过剩","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DQ":1},"content_text":"Daqo New Energy Corp., a leading manufacturer of solar photovoltaic products, saw its stock soar 10.37% in the pre-market trading on Wednesday. This surge came after China's industry ministry issued new investment guidelines to curb the overcapacity that has plagued the solar manufacturing sector.\nThe Chinese government has tightened the investment criteria for solar product manufacturing projects. The new rules require a minimum capital ratio of 30% for solar PV projects, up from the previous requirement of 20%. This move aims to rein in the booming solar manufacturing industry, which has been grappling with oversupply and fierce price competition.\nThe overcapacity and price wars in the solar panel market have led to losses for major producers who have been forced to sell their products at below-market prices. Smaller manufacturers have been facing an even more alarming situation, with some compromising on quality to survive the race to the bottom.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163023205"}