Daqo New Energy Corp.

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Daqo New Energy Corp.  (NYSE:DQ) resulting from allegations that Daqo New Energy may have issued materially misleading business information to the investing public.

If you purchased Daqo New Energy securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Daqo New Energy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On August 3, 2023, Daqo New Energy announced Chairman and Founder, Mr. Guangfu Xu, will step down from his position as Chairman of the Board of Directors (the “Board”), effective immediately, but will remain as a director on the Board. The Company also announced Mr. Longgen Zhang will step down as Chief Executive Officer and a director of the Company with immediate effect due to personal reasons.

On this news, the price of Daqo New Energy stock fell $1.71, or 4.74%, to close at $34.34 on August 3, 2023.

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Company Name: Daqo New Energy Corp.
Stock Symbol: DQ
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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