Roth Capital Weighs in on DAQO New Energy Q1 Earnings

Key Points

• Roth Capital estimates that DAQO New Energy will report a Q1 2027 earnings per share (EPS) of ($0.56) and has a price target of $25.00 with a "Neutral" rating on the stock.
• Analysts from various firms have mixed ratings on DAQO New Energy, with Goldman Sachs downgrading it to "sell" while HSBC upgraded it to "buy" with a price target of $31.00.
• DAQO New Energy announced a $100 million stock buyback program, typically indicating that management believes the stock is undervalued.

DAQO New Energy Corp. (NYSE:DQ - Free Report) - Equities research analysts at Roth Capital issued their Q1 2027 earnings per share (EPS) estimates for DAQO New Energy in a research report issued to clients and investors on Thursday, September 18th. Roth Capital analyst P. Shen forecasts that the semiconductor company will post earnings per share of ($0.56) for the quarter. Roth Capital has a "Neutral" rating and a $25.00 price objective on the stock. The consensus estimate for DAQO New Energy's current full-year earnings is ($3.50) per share. Roth Capital also issued estimates for DAQO New Energy's Q2 2027 earnings at ($0.56) EPS.

DAQO New Energy (NYSE:DQ - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The semiconductor company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.16) by $0.02. DAQO New Energy had a negative return on equity of 6.54% and a negative net margin of 65.64%.The company had revenue of $75.19 million for the quarter, compared to the consensus estimate of $140.54 million.

A number of other research analysts have also recently commented on the company. Citigroup upped their price objective on DAQO New Energy from $27.00 to $37.00 and gave the company a "buy" rating in a report on Monday, September 8th. New Street Research set a $15.40 price target on DAQO New Energy in a research note on Thursday. Wall Street Zen upgraded shares of DAQO New Energy from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Hsbc Global Res raised shares of DAQO New Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, Glj Research restated a "buy" rating and set a $30.51 price target on shares of DAQO New Energy in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.84.

DAQO New Energy Price Performance

Shares of NYSE:DQ traded down $0.53 during midday trading on Monday, hitting $26.69. The company had a trading volume of 1,159,951 shares, compared to its average volume of 1,441,855. DAQO New Energy has a twelve month low of $12.40 and a twelve month high of $30.85. The business's 50-day simple moving average is $23.64 and its 200-day simple moving average is $18.32.

DAQO New Energy declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 26th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of DAQO New Energy

A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in DAQO New Energy by 117.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,159,835 shares of the semiconductor company's stock valued at $21,005,000 after buying an additional 625,900 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of DAQO New Energy in the first quarter valued at $9,372,000. Hsbc Holdings PLC boosted its stake in shares of DAQO New Energy by 514.3% during the first quarter. Hsbc Holdings PLC now owns 501,145 shares of the semiconductor company's stock valued at $9,026,000 after acquiring an additional 419,569 shares during the last quarter. Millennium Management LLC increased its position in DAQO New Energy by 1,261.0% during the 1st quarter. Millennium Management LLC now owns 354,596 shares of the semiconductor company's stock worth $6,422,000 after purchasing an additional 328,541 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in DAQO New Energy by 137.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 401,919 shares of the semiconductor company's stock valued at $6,097,000 after purchasing an additional 232,759 shares during the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

DAQO New Energy Company Profile

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.