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Posted on 10/21/20 at 9:22 am to djrunner
I'm not seeing much, but I will check. DQ has a history of recovering well on days starting low though.
Posted on 10/21/20 at 10:28 am to djrunner
Daqo New Energy (DQ -10.3%) drops sharply after Roth Capital says it sees potential for increased U.S. regulatory scrutiny of companies conducting business in China's Xinjiang province due to concerns about the Uyghurs being used as forced labor in the region, Street Account reports.
While not suggesting the industry uses forced labor, Roth says heightened regulatory oversight could have implications for the solar supply chain, as it believes most solar modules in the U.S. source at least some of their polysilicon from Xinjiang province.
Roth believes Daqo could be most at risk as it is based entirely in Xinjiang, JinkoSolar (JKS -12.2%) and Canadian Solar (CSIQ -7.9%) could have to adjust their supply chains; Sunrun (RUN -7%), Sunnova (NOVA -4.1%) and SunPower (SPWR -5.5%) could see higher module prices if shortages arise; and First Solar (FSLR -1.2%) could benefit since it does not source any polysilicon from China.
Again, it would be nice for a heads up on stuff like this.
While not suggesting the industry uses forced labor, Roth says heightened regulatory oversight could have implications for the solar supply chain, as it believes most solar modules in the U.S. source at least some of their polysilicon from Xinjiang province.
Roth believes Daqo could be most at risk as it is based entirely in Xinjiang, JinkoSolar (JKS -12.2%) and Canadian Solar (CSIQ -7.9%) could have to adjust their supply chains; Sunrun (RUN -7%), Sunnova (NOVA -4.1%) and SunPower (SPWR -5.5%) could see higher module prices if shortages arise; and First Solar (FSLR -1.2%) could benefit since it does not source any polysilicon from China.
Again, it would be nice for a heads up on stuff like this.
This post was edited on 10/21/20 at 10:30 am
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