Brokers Offer Predictions for 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 shares of DAQO New Energy in a report issued on Thursday, September 18th. Roth Capital analyst P. Shen anticipates that the semiconductor company will earn ($0.56) per share for the quarter. Roth Capital currently has a "Neutral" rating and a $25.00 price target 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.

Several other brokerages also recently weighed in on DQ. The Goldman Sachs Group downgraded DAQO New Energy from a "neutral" rating to a "sell" rating in a research report on Thursday. Glj Research reiterated a "buy" rating and issued a $30.51 target price on shares of DAQO New Energy in a research report on Tuesday, August 26th. HSBC upgraded DAQO New Energy from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a research report on Wednesday, August 27th. Hsbc Global Res upgraded DAQO New Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, New Street Research set a $15.40 price objective on DAQO New Energy in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, DAQO New Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.84.

DAQO New Energy Stock Up 4.8%

Shares of DQ stock opened at $27.23 on Monday. DAQO New Energy has a twelve month low of $12.40 and a twelve month high of $30.85. The company has a market cap of $1.83 billion, a P/E ratio of -4.66 and a beta of 0.50. The business has a fifty day simple moving average of $23.64 and a 200 day simple moving average of $18.32.

DAQO New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The semiconductor company reported ($1.14) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $75.19 million during the quarter, compared to the consensus estimate of $140.54 million.

DAQO New Energy announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 26th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On DAQO New Energy

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its holdings in DAQO New Energy by 86,700.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,736 shares of the semiconductor company's stock worth $31,000 after buying an additional 1,734 shares in the last quarter. Headlands Technologies LLC bought a new stake in DAQO New Energy during the second quarter worth $29,000. Virtu Financial LLC bought a new stake in DAQO New Energy during the first quarter worth $187,000. Vident Advisory LLC bought a new stake in DAQO New Energy during the first quarter worth $216,000. Finally, Harvest Portfolios Group Inc. bought a new stake in DAQO New Energy during the first quarter worth $305,000. Institutional investors own 47.22% of the company's stock.

About DAQO New Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.