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Daqo has approved a $100 million share repurchase program. Repurchase signals confidence in business amid industry's downcycle. DQ's shares fell 53.1% over the past year. Zacks rates DQ as a #4 (Sell), lowering investor outlook. Repurchase program funded by existing cash, subject to market conditions.
- Daqo has approved a $100 million share repurchase program.
- Repurchase signals confidence in business amid industry's downcycle.
- DQ's shares fell 53.1% over the past year.
- Zacks rates DQ as a #4 (Sell), lowering investor outlook.
- Repurchase program funded by existing cash, subject to market conditions.
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