Shares of polysilicon manufacturer Daqo New Energy Corp. (DQ) are rising more than 4% in the morning trade on Tuesday at $49.37.
There have been no company-specific news, that could be attributable to the upward movement of the stock.
Ever since the company announced long-term high-purity polysilicon supply agreement with a leading solar manufacturing company in China last week, the stock has gained nearly 15%.
It has traded in the range of $34.47-$95.41 in the past 52 weeks.
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