Xinjiang Daqo releases forecast for FY2023 results
Xinjiang Daqo projects a significant 70% YoY decrease in net profit for FY2023. See the factors behind the company’s downbeat forecast here.
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GCL Technology announces strategic shift in silicon business
On Dec 29, 2023, GCL Technology’s associate Xinjiang Goins plans to distribute dividends, repurchase equity from shareholder Jiangsu Zhongneng, and shift focus from polycrystalline silicon to silane fluidized bed granular silicon technology.
PNM Resources unveils $230M sale of renewable venture stake
PNM Resources and American Electric Power plan to sell their 50% stake in New Mexico Renewable Development, LLC to Exus North America Holdings for approximately $230 million. The sale supports PNM’s capital investments, with a $115 million share. The sale, expected to close in February 2024, awaits regulatory approvals. KeyBanc Capital Markets advises, and Foley…