DAQO New Energy Corp. (NYSE:DQ) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Consensus "Hold": Six analysts give DAQO a consensus rating of Hold (2 sell, 2 hold, 1 buy, 1 strong buy) with an average 12‑month price target of $25.43.
• Recent earnings missed expectations—DAQO reported a ($0.11) EPS vs. ($0.04) expected and revenue of $221.7M vs. $276.9M expected—accompanied by a negative net margin (~25.6%) and negative ROE.
• Significant institutional ownership remains: Invesco increased its stake to about 1.43M shares (~$42.17M) and hedge funds collectively own roughly 47.22% of the company.

DAQO New Energy Corp. (NYSE:DQ - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.4267.

A number of equities research analysts recently commented on the company. Glj Research lowered DAQO New Energy from a "buy" rating to a "sell" rating and dropped their target price for the company from $30.51 to $18.13 in a research report on Tuesday, February 3rd. New Street Research set a $18.13 target price on DAQO New Energy in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of DAQO New Energy in a research report on Friday, March 27th.

Institutional Investors Weigh In On DAQO New Energy

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in DAQO New Energy in the fourth quarter valued at approximately $624,000. Caitong International Asset Management Co. Ltd purchased a new stake in DAQO New Energy in the fourth quarter valued at approximately $49,000. MidFirst Bank purchased a new stake in DAQO New Energy in the fourth quarter valued at approximately $236,000. Compound Planning Inc. boosted its position in DAQO New Energy by 19.2% in the 4th quarter. Compound Planning Inc. now owns 19,518 shares of the semiconductor company's stock worth $576,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Invesco Ltd. boosted its position in DAQO New Energy by 22.6% in the 4th quarter. Invesco Ltd. now owns 1,429,565 shares of the semiconductor company's stock worth $42,172,000 after purchasing an additional 263,614 shares in the last quarter. Hedge funds and other institutional investors own 47.22% of the company's stock.

DAQO New Energy Stock Performance

Shares of DQ stock opened at $20.77 on Tuesday. DAQO New Energy has a fifty-two week low of $12.40 and a fifty-two week high of $36.59. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -8.18 and a beta of 0.80. The stock's 50-day simple moving average is $23.34 and its 200-day simple moving average is $27.36.

DAQO New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Monday, March 2nd. The semiconductor company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The firm had revenue of $221.71 million during the quarter, compared to analysts' expectations of $276.94 million. DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.92%. As a group, equities analysts forecast that DAQO New Energy will post -3.5 earnings per share for the current year.

DAQO New Energy Company Profile

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China's Xinjiang Uygur Autonomous Region.

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