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NYSE:DQ

Daqo New Energy (DQ) Stock Price, News & Analysis

$27.29
+0.58 (+2.17%)
(As of 10:27 AM ET)
Today's Range
$26.70
$27.42
50-Day Range
$17.79
$29.42
52-Week Range
$17.30
$49.01
Volume
159,557 shs
Average Volume
1.35 million shs
Market Capitalization
$2.11 billion
P/E Ratio
5.04
Dividend Yield
N/A
Price Target
$36.23

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
35.7% Upside
$36.23 Price Target
Short Interest
Healthy
4.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.99mentions of Daqo New Energy in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
72.91%
From $4.06 to $7.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.20 out of 5 stars

Basic Materials Sector

32nd out of 171 stocks

Semiconductors & Related Devices Industry

23rd out of 92 stocks

DQ stock logo

About Daqo New Energy Stock (NYSE:DQ)

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.

DQ Stock Price History

DQ Stock News Headlines

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Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Now All Grown Up, Should Daqo Consider Privatizing?
Daqo: Q4 Earnings Snapshot
Recap: Daqo New Energy Q4 Earnings
Daqo New Energy's Earnings: A Preview
3 High-Growth China Stocks American Investors Can Buy
DQ Mar 2024 17.500 call
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductor Equipment & Materials
Sub-Industry
N/A
Employees
4,099
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$36.23
High Stock Price Target
$45.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+35.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$421.16 million
Pretax Margin
35.45%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$20.86 per share
Book Value
$83.35 per share

Miscellaneous

Free Float
58,490,000
Market Cap
$2.06 billion
Optionable
Optionable
Beta
0.19

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DQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Daqo New Energy stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" DQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DQ, but not buy additional shares or sell existing shares.
View DQ analyst ratings
or view top-rated stocks.

What is Daqo New Energy's stock price target for 2024?

3 equities research analysts have issued 1-year price targets for Daqo New Energy's shares. Their DQ share price targets range from $25.00 to $45.00. On average, they expect the company's stock price to reach $36.23 in the next year. This suggests a possible upside of 35.7% from the stock's current price.
View analysts price targets for DQ
or view top-rated stocks among Wall Street analysts.

How have DQ shares performed in 2024?

Daqo New Energy's stock was trading at $26.60 on January 1st, 2024. Since then, DQ stock has increased by 0.4% and is now trading at $26.70.
View the best growth stocks for 2024 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 3,490,000 shares, a drop of 5.2% from the February 14th total of 3,680,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 5.1% of the shares of the company are sold short.
View Daqo New Energy's Short Interest
.

When is Daqo New Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) issued its earnings results on Wednesday, February, 28th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.20. The semiconductor company had revenue of $477.13 million for the quarter, compared to the consensus estimate of $529.40 million. Daqo New Energy had a trailing twelve-month return on equity of 6.42% and a net margin of 18.24%. During the same quarter last year, the business posted $4.71 earnings per share.

When did Daqo New Energy's stock split?

Daqo New Energy's stock split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly minted shares were payable to shareholders after the market closes on Monday, November 16th 2020. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

How will Daqo New Energy's stock buyback program work?

Daqo New Energy declared that its board has initiated a stock repurchase program on Wednesday, June 1st 2022, which authorizes the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

What other stocks do shareholders of Daqo New Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Daqo New Energy investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), JD.com (JD), PayPal (PYPL), QUALCOMM (QCOM), Block (SQ), Enphase Energy (ENPH) and Netflix (NFLX).

Who are Daqo New Energy's major shareholders?

Daqo New Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Franklin Resources Inc. (3.53%), Vanguard Group Inc. (2.57%), Vanguard Group Inc. (2.57%), Tairen Capital Ltd (2.40%), Mackenzie Financial Corp (2.32%) and Alpine Investment Management Ltd (1.94%).

How do I buy shares of Daqo New Energy?

Shares of DQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Daqo New Energy have any subsidiaries?
The following companies are subsidiares of Daqo New Energy: Chongqing Daqo New Energy Co. Ltd., Daqo New Energy (Hong Kong) Co. Limited, Xinjiang Daqo Guodi Silicon Material Technology Co. Ltd., Xinjiang Daqo Investment Co. Ltd., Xinjiang Daqo Lvchuang Environmental Technology Co. Ltd., and Xinjiang Daqo New Energy Co. Ltd..
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This page (NYSE:DQ) was last updated on 3/28/2024 by MarketBeat.com Staff

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