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Drug Manufacturer Stocks Saw...

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session...

Consumer Electronics Stocks In...

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading...

Solar Stocks Revamp Position...

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session...

Semiconductor Stocks in Bearish...

Shares of ON Semiconductor Corp. (NASDAQ:ON) dropped over 1.5% in early trading session...
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Daqo New Energy Corp. (NYSE: DQ) Jumps on Five-Year High-Purity Polysilicon Supply Agreement

Daqo New Energy Corp. (NYSE: DQ) jumps around 9% to $52.29 in early trading session on Tuesday as the firm released that its subsidiaries XinjiangDaqo and Inner Mongolia Daqo have signed a five-year high-purity polysilicon supply agreement with a leading Chinese solar manufacturing company.

From January 1, 2023 to December 31, 2027, Xinjiang Daqo and Inner Mongolia Daqo will provide this premier manufacturing business with a total of 46,200 MT high-purity mono-grade polysilicon. Actual rates will be discussed monthly by both parties based on market conditions.

“We are very pleased to announce another long-term high-purity polysilicon supply contract this month,” said Mr. Longgen Zhang, CEO of Daqo New Energy. “We see a very clear trend that solar PV energy will play an increasingly important role globally, and our downstream customers are rapidly expanding their capacities, which will strongly support the demand for high-purity mono-grade polysilicon.”

Daqo New Energy Corp. (NYSE: DQ) announced that its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with Shuangliang Silicon Materials (Baotou) Co.,Ltd., a subsidiary of Shuangliang Eco-Energy (SH:600481) (“Shuangliang”) to supply its fast growing solar wafer business.

Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide Shuangliang with a total amount of 150,300 MT high-purity mono-grade polysilicon from November 2022 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.

Mr. Longgen Zhang, chief executive officer of Daqo New Energy, commented, “This five-year polysilicon supply agreement will strengthen our cooperation with Shuangliang, an outstanding solar wafer producer with very rapid capacity expansion plans. We expect that the demand for high-purity mono-grade polysilicon to remain strong, especially as the market gradually switches to the next generation of N-type technology. “

Drug Manufacturer Stocks Saw in Stress: AbbVie (NYSE: ABBV), Amgen (NASDAQ:AMGN), AstraZeneca (NASDAQ:AZN), Bristol-Myers Squibb (NYSE: BMY)

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session on Friday as patients in the United States will be able...

Consumer Electronics Stocks In Action: GoPro, Inc. (NASDAQ: GPRO), Sonos, Inc. (NASDAQ: SONO), Sony Group Corp. (NYSE: SONY)

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading session on Friday as the firm announced financial results for its...

Solar Stocks Revamp Position in Street: Array Technologies (NASDAQ: ARRY), Sunrun Inc. (NASDAQ:RUN), Sunnova Energy International Inc. (NYSE: NOVA)

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session on Friday as company was awarded a contract to supply solar...

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Drug Manufacturer Stocks Saw in Stress: AbbVie (NYSE: ABBV), Amgen (NASDAQ:AMGN), AstraZeneca (NASDAQ:AZN), Bristol-Myers Squibb (NYSE: BMY)

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session on Friday as patients in the United States will be able to purchase cheaper versions of AbbVie Inc.'s (ABBV) blockbuster arthritis drug Humira, though the cost...

Consumer Electronics Stocks In Action: GoPro, Inc. (NASDAQ: GPRO), Sonos, Inc. (NASDAQ: SONO), Sony Group Corp. (NYSE: SONY)

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading session on Friday as the firm announced financial results for its fourth quarter. "In 2022, GoPro achieved GAAP profitability in a very challenging macroeconomic environment. We...

Airline Stocks Revamp Position in Street: Southwest Airlines Co. (NYSE: LUV), United Airlines (NASDAQ: UAL), Delta Air Lines (NYSE: DAL)

Southwest Airlines Co. (NYSE: LUV) rose in more than 1.1% in pre session on Thursday as the firm announces the elevation of Lauren Woods to Senior Vice President and Chief Information Officer, reporting to Chief Administration & Communications Officer...

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