Daqo New Energy Stock Price, News & Analysis (NYSE:DQ)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. 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.
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4 Wall Street research analysts have issued 12-month price targets for Daqo New Energy's shares. Their DQ share price targets range from $32.00 to $70.00. On average, they predict the company's stock price to reach $46.43 in the next year. This suggests a possible upside of 88.0% from the stock's current price.
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Daqo New Energy's stock was trading at $38.61 at the start of the year. Since then, DQ shares have decreased by 36.1% and is now trading at $24.69.
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Daqo New Energy saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,420,000 shares, an increase of 7.5% from the October 31st total of 4,110,000 shares. Based on an average trading volume of 891,800 shares, the days-to-cover ratio is presently 5.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) announced its quarterly earnings data on Monday, October, 30th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $1.79. The semiconductor company earned $484.84 million during the quarter, compared to analysts' expectations of $672.30 million. Daqo New Energy had a trailing twelve-month return on equity of 11.36% and a net margin of 27.79%. During the same period last year, the company earned $4.18 EPS.

ETFs with the largest weight of Daqo New Energy (NYSE:DQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG), Global X MSCI China Information Technology ETF (CHIK), ERShares NextGen Entrepreneurs ETF (ERSX), iShares Breakthrough Environmental Solutions ETF (ETEC) and Invesco Golden Dragon China ETF (PGJ).

Daqo New Energy shares split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly created shares were issued 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.

Daqo New Energy declared that its board has initiated a stock repurchase plan 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 buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

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).

Daqo New Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (3.34%), Invesco Ltd. (2.15%), Citigroup Inc. (1.89%), Mackenzie Financial Corp (1.88%), Oaktree Capital Management LP (1.75%) and Ariose Capital Management Ltd (1.04%).

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.
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