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

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.
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3 Wall Street research analysts have issued 1 year price objectives for Daqo New Energy's shares. Their DQ share price targets range from $25.00 to $45.00. On average, they predict the company's share price to reach $36.23 in the next year. This suggests a possible upside of 61.8% from the stock's current price.
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Daqo New Energy's stock was trading at $26.60 at the start of the year. Since then, DQ stock has decreased by 15.8% and is now trading at $22.39.
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Daqo New Energy saw a increase in short interest in March. As of March 31st, there was short interest totaling 3,860,000 shares, an increase of 9.3% from the March 15th total of 3,530,000 shares. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is presently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
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Daqo New Energy will be holding an earnings conference call on Monday, April 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4304836".

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 the consensus estimate of $0.84 by $0.20. The semiconductor company earned $477.13 million during the quarter, compared to analyst estimates 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 period last year, the company earned $4.71 EPS.

ETFs with the largest weight of Daqo New Energy (NYSE:DQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), Global X Clean Tech ETF (CTEC), Invesco Solar ETF (TAN), Global X MSCI China Information Technology ETF (CHIK), ERShares NextGen Entrepreneurs ETF (ERSX), Invesco Golden Dragon China ETF (PGJ) and iShares Breakthrough Environmental Solutions ETF (ETEC).

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 created shares were payable to shareholders after the closing bell on Monday, November 16th 2020. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Daqo New Energy declared that its board has initiated a stock buyback plan on Wednesday, June 1st 2022, which authorizes the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

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).

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Atlas Capital Advisors LLC (0.00%).

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.
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