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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
NYSE:DQ

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

$30.22
-0.33 (-1.08%)
(As of 09/22/2023 08:51 PM ET)
Compare
Today's Range
$30.07
$31.28
50-Day Range
$30.21
$39.06
52-Week Range
$29.60
$58.44
Volume
585,500 shs
Average Volume
1.07 million shs
Market Capitalization
$2.34 billion
P/E Ratio
2.20
Dividend Yield
N/A
Price Target
$46.43

Daqo New Energy MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
53.6% Upside
$46.43 Price Target
Short Interest
Bearish
4.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of Daqo New Energy in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-35.31%
From $9.29 to $6.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Basic Materials Sector

77th out of 165 stocks

Semiconductors & Related Devices Industry

47th out of 86 stocks


DQ stock logo

About Daqo New Energy (NYSE:DQ) Stock

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 Price History

DQ Stock News Headlines

Daqo New Energy (NYSE:DQ) Sets New 1-Year Low at $30.86
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
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Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Daqo New Energy Corp. Q2 Profit Decreases, misses estimates
DBS Remains a Hold on Daqo New Energy (DQ)
Daqo Gets Scorched By Tumbling Polysilicon Prices
Daqo New Energy Announces Leadership Changes
See More Headlines
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DQ Company Calendar

Last Earnings
8/03/2023
Today
9/25/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

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 Forecast
$46.43
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+53.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$1.82 billion
Pretax Margin
58.85%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$26.51 per share
Book Value
$88.64 per share

Miscellaneous

Free Float
58,490,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
0.54

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Key Executives

  • Mr. Xiang Xu (Age 52)
    Chairman & CEO
  • Mr. Guangfu Xu (Age 80)
    Founder & Director
  • Mr. Ming Yang (Age 50)
    Chief Financial Officer
  • Mr. Kevin He
    Head of Investor Relations













DQ Stock - Frequently Asked Questions

Should I buy or sell Daqo New Energy stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

4 equities research analysts have issued 1 year price targets for Daqo New Energy's shares. Their DQ share price forecasts range from $32.00 to $70.00. On average, they anticipate the company's stock price to reach $46.43 in the next year. This suggests a possible upside of 53.6% 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 2023?

Daqo New Energy's stock was trading at $38.61 on January 1st, 2023. Since then, DQ shares have decreased by 21.7% and is now trading at $30.22.
View the best growth stocks for 2023 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,760,000 shares, an increase of 9.0% from the August 15th total of 3,450,000 shares. Based on an average daily trading volume, of 909,400 shares, the days-to-cover ratio is currently 4.1 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 Thursday, October 26th 2023.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) posted its earnings results on Thursday, August, 3rd. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.79 by $4.45. The semiconductor company earned $636.72 million during the quarter, compared to analyst estimates of $1.22 billion. Daqo New Energy had a net margin of 31.45% and a trailing twelve-month return on equity of 16.65%.

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 distributed to shareholders after the closing bell 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 share buyback program on Wednesday, June 1st 2022, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board 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).

What is Daqo New Energy's stock symbol?

Daqo New Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DQ."

Who are Daqo New Energy's major shareholders?

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.53%), Franklin Resources Inc. (3.33%), Alpine Investment Management Ltd (2.46%), Healthcare of Ontario Pension Plan Trust Fund (1.74%), State Street Corp (1.65%) and Goldman Sachs Group Inc. (1.40%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Daqo New Energy's stock price today?

One share of DQ stock can currently be purchased for approximately $30.22.

How much money does Daqo New Energy make?

Daqo New Energy (NYSE:DQ) has a market capitalization of $2.34 billion and generates $4.61 billion in revenue each year. The semiconductor company earns $1.82 billion in net income (profit) each year or $13.75 on an earnings per share basis.

How many employees does Daqo New Energy have?

The company employs 4,099 workers across the globe.

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..
Read More
How can I contact Daqo New Energy?

Daqo New Energy's mailing address is ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122. The official website for the company is www.dqsolar.com. The semiconductor company can be reached via phone at 862150752918, via email at kevin.he@daqo.com, or via fax at 86-21-5836-7021.

This page (NYSE:DQ) was last updated on 9/25/2023 by MarketBeat.com Staff

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