Why Daqo New Energy Shares Are Rising

Shares of several solar-related companies, including Daqo New Energy Corp DQ, are trading higher amid a report President Biden will issue a proclamation allowing the import of solar panels from several countries without tariffs for 24 months.

Biden is planning to invoke the "Defense Production Act" to resolve a trade dispute that will revive stalled solar projects and kickstart domestic manufacturing of solar panels, Bloomberg reported, citing people familiar with the matter... Read More

According to data from Benzinga Pro, Daqo New Energy is trading higher by 11.98% at $61.68. Daqo New Energy has a 52-week high of $90.48 and a 52-week low of $32.20.