NYSE:DQ

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

$23.05
+0.76 (+3.41%)
(As of 11:15 AM ET)
Today's Range
$22.01
$23.15
50-Day Range
$18.26
$29.42
52-Week Range
$17.30
$48.31
Volume
249,617 shs
Average Volume
1.23 million shs
Market Capitalization
$1.51 billion
P/E Ratio
4.26
Dividend Yield
N/A
Price Target
$36.23

Daqo New Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
62.4% Upside
$36.23 Price Target
Short Interest
Bearish
5.88% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Daqo New Energy in the last 14 days
Based on 6 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.

3.76 out of 5 stars

Basic Materials Sector

47th out of 173 stocks

Semiconductors & Related Devices Industry

32nd out of 89 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

3 Cheap Stocks That Shouldn’t Be So (DQ)
Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.
3 Cheap Stocks That Shouldn't Be So
Certain stocks fall out of favor once every business cycle, whether for actual justifiable reasons or because of plain overlooking. Markets can get busy and caught up with sectors that make the most noise, such as the U.S. technology sector, which has been taken to all-time highs by names like Nvidia Co. NASDAQ: NVDA.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Daqo New Energy (DQ) Set to Announce Earnings on Monday
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
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
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
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
+62.4%
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
$21.05 per share
Book Value
$83.35 per share

Miscellaneous

Free Float
49,735,000
Market Cap
$1.47 billion
Optionable
Optionable
Beta
0.22

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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 brokerages have issued 1 year price targets for Daqo New Energy's stock. Their DQ share price targets range from $25.00 to $45.00. On average, they anticipate the company's stock price to reach $36.23 in the next twelve months. This suggests a possible upside of 62.4% 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 at the beginning of 2024. Since then, DQ stock has decreased by 16.1% and is now trading at $22.31.
View the best growth stocks for 2024 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a increase in short interest in the month of 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 trading volume of 1,340,000 shares, the days-to-cover ratio is currently 2.9 days.
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 Monday, April 29th 2024.
View our DQ earnings forecast
.

How can I listen to Daqo New Energy's earnings call?

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".

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) announced its earnings results on Wednesday, February, 28th. The semiconductor company reported $0.64 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 analyst estimates of $529.40 million. Daqo New Energy had a net margin of 18.24% and a trailing twelve-month return on equity of 6.42%. During the same quarter last year, the company earned $4.71 earnings per share.

When did Daqo New Energy's stock split?

Shares of Daqo New Energy split on the morning of 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 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 announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 1st 2022, which permits the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are 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 Atlas Capital Advisors LLC (0.00%).

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 4/23/2024 by MarketBeat.com Staff

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