Polunin Capital Partners Ltd Purchases 174,747 Shares of DAQO New Energy Corp. $DQ

Key Points

• Polunin Capital Partners increased its stake in DAQO New Energy by 13.6%, buying 174,747 shares to hold 1,458,705 shares (about 2.18% of the company) valued at roughly $43.03M, making DQ ~7.0% of Polunin’s portfolio.
• Several other institutions also adjusted positions—Continental General, Vanguard, Goldman Sachs and Arrowstreet among them—and institutional investors collectively own 47.22% of DQ.
• DAQO missed quarterly expectations (EPS -$0.11 vs. -$0.04 expected; revenue $221.7M vs. $276.9M expected), has negative margins/ROE, and carries a MarketBeat consensus rating of Hold with an average price target of $25.43.

Polunin Capital Partners Ltd increased its position in shares of DAQO New Energy Corp. (NYSE:DQ - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,458,705 shares of the semiconductor company's stock after purchasing an additional 174,747 shares during the period. DAQO New Energy makes up approximately 7.0% of Polunin Capital Partners Ltd's portfolio, making the stock its 7th largest position. Polunin Capital Partners Ltd owned about 2.18% of DAQO New Energy worth $43,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DQ. Continental General Insurance Co. increased its position in DAQO New Energy by 11.3% during the 3rd quarter. Continental General Insurance Co. now owns 6,641,986 shares of the semiconductor company's stock worth $186,839,000 after purchasing an additional 675,784 shares during the period. Vanguard Group Inc. lifted its holdings in shares of DAQO New Energy by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,738,788 shares of the semiconductor company's stock valued at $48,912,000 after buying an additional 5,448 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of DAQO New Energy by 117.2% in 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 period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of DAQO New Energy in the third quarter valued at approximately $18,280,000. Finally, FengHe Fund Management Pte. Ltd. grew its holdings in DAQO New Energy by 62.4% during the third quarter. FengHe Fund Management Pte. Ltd. now owns 469,833 shares of the semiconductor company's stock worth $13,216,000 after acquiring an additional 180,457 shares during the period. Institutional investors and hedge funds own 47.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DQ shares. New Street Research set a $18.13 price objective on DAQO New Energy in a research report on Tuesday, February 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of DAQO New Energy in a research report on Friday, March 27th. Finally, Glj Research downgraded shares of DAQO New Energy from a "buy" rating to a "sell" rating and cut their price target for the company from $30.51 to $18.13 in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, DAQO New Energy has a consensus rating of "Hold" and an average price target of $25.43.

DAQO New Energy Price Performance

Shares of NYSE:DQ opened at $21.10 on Friday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -8.31 and a beta of 0.80. The business's 50 day simple moving average is $23.46 and its 200-day simple moving average is $27.40. DAQO New Energy Corp. has a 12 month low of $12.40 and a 12 month high of $36.59.

DAQO New Energy (NYSE:DQ - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The semiconductor company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that DAQO New Energy Corp. will post -3.5 earnings per share for the current year.

DAQO New Energy 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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