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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 1 sell rating, 1 hold rating 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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3 brokerages have issued twelve-month price objectives for Daqo New Energy's stock. Their DQ share price targets range from $25.00 to $45.00. On average, they expect the company's stock price to reach $36.23 in the next year. This suggests a possible upside of 59.9% from the stock's current price.
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Daqo New Energy's stock was trading at $26.60 at the start of the year. Since then, DQ stock has decreased by 14.8% and is now trading at $22.66.
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Daqo New Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,860,000 shares, an increase of 9.3% from the March 15th total of 3,530,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is presently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
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Daqo New Energy will be holding an earnings conference call on Monday, April 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4304836".

Daqo New Energy Corp. (NYSE:DQ) announced its earnings results on Wednesday, February, 28th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.20. The semiconductor company had revenue of $477.13 million for the quarter, compared to analysts' expectations of $529.40 million. Daqo New Energy had a trailing twelve-month return on equity of 6.42% and a net margin of 18.24%. During the same quarter last year, the firm earned $4.71 earnings per share.

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

Shares of Daqo New Energy split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued shares were distributed to shareholders after the market closes 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 of Directors has authorized a stock buyback program on Wednesday, June 1st 2022, which allows the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign 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 variety of retail and institutional investors. Top institutional shareholders include Atlas Capital Advisors LLC (0.00%).

Shares of DQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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