Sign in

    Alan Lang

    Senior Analyst at Jefferies

    Alan Lang is a Senior Analyst at Jefferies, specializing in equity research for the energy sector, with a particular focus on oil and gas exploration and production companies. Throughout his tenure at Jefferies, Lang has delivered thorough analysis on firms such as EOG Resources, Devon Energy, and Pioneer Natural Resources, and his stock recommendations have shown a track record of solid returns relative to sector benchmarks. With a career in energy finance spanning over a decade, Lang joined Jefferies in 2017 after holding analyst and associate positions at other Wall Street firms known for their energy sector expertise. He holds FINRA Series 7, 63, and 86/87 registrations and is recognized for detailed company coverage and consistently strong performance in industry analyst rankings.

    Alan Lang's questions to DAQO NEW ENERGY (DQ) leadership

    Alan Lang's questions to DAQO NEW ENERGY (DQ) leadership • Q4 2024

    Question

    Alan Lang of Jefferies questioned the drivers behind the Q4 cash cost reduction, the company's strategy regarding FBR technology, the status of the share buyback program, and the rationale for the low 2025 production guidance.

    Answer

    CFO Ming Yang attributed the lower cash cost (RMB 35/kg) to improved efficiency and focusing production in top-tier facilities, expecting costs to remain stable. Deputy CEO Anita Zhu stated Daqo has no concrete plans for FBR technology due to purity and stability risks but is researching it. She also noted the company is awaiting a market turning point before executing its buyback and that the low production guidance is a strategic choice to manage cash burn, which could be revised up if demand improves.

    Ask Fintool Equity Research AI