Press release
Investigation announced for Investors in Daqo New Energy Corp. (NYSE: DQ) over potential Wrongdoing
An investigation on behalf of investors in Daqo New Energy Corp. (NYSE: DQ) shares over potential wrongdoing at Daqo New Energy.
Investors who purchased shares of Daqo New Energy Corp. (NYSE: DQ have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Daqo New Energy Corp. (NYSE: DQ officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Daqo New Energy Corp. reported that its annual Total Revenue rose from over $1.67 billion in 2021 to over $4.6 billion in 2022, and that its Net Income increased from $756.21 million in 2021 to over $1.56 billion in 2022.
Shares of Daqo New Energy Corp. (NYSE: DQ) declined from $73.36 per share on August 26, 2022, to $33.40 per share on August 03, 2023.
Those who purchased shares of Daqo New Energy Corp. (NYSE: DQ) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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