Shares of Daqo New Energy (DQ -7.5%) were hit hard today after missing Q4 estimates as revenue...

|By:, SA News Editor

Shares of Daqo New Energy (DQ -7.5%) were hit hard today after missing Q4 estimates as revenue plummeted over 50% Y/Y. The company also announced a delay in the its phase 1 debottlenecking and hydrochlorination project by one year. Piper Jaffray downgraded the shares on the back of the news.