Daqo New Energy Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Daqo New Energy stock. 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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Wall Street analysts have given Daqo New Energy a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Daqo New Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Daqo New Energy is scheduled to release its next quarterly earnings announcement on Monday, November 22nd 2021.
View our earnings forecast for Daqo New Energy.

Daqo New Energy Corp. (NYSE:DQ) released its earnings results on Tuesday, August, 17th. The semiconductor company reported $3.03 earnings per share for the quarter, missing analysts' consensus estimates of $3.29 by $0.26. The semiconductor company had revenue of $441.37 million for the quarter, compared to analysts' expectations of $462 million. Daqo New Energy had a net margin of 38.19% and a trailing twelve-month return on equity of 46.57%. During the same quarter in the previous year, the firm earned $0.03 EPS.
View Daqo New Energy's earnings history.

Daqo New Energy's stock was trading at $11.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DQ shares have increased by 429.2% and is now trading at $61.07.
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Daqo New Energy's stock split before market open on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly minted shares were issued to shareholders after the market closes on Monday, November 16th 2020. An investor that had 100 shares of Daqo New Energy stock prior to the split would have 500 shares after the split.

7 analysts have issued 1 year target prices for Daqo New Energy's shares. Their forecasts range from $53.00 to $112.00. On average, they expect Daqo New Energy's share price to reach $76.94 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
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Some companies that are related to Daqo New Energy include Semiconductor Manufacturing International (SMICY), SolarEdge Technologies (SEDG), First Solar (FSLR), Cree (CREE), Lattice Semiconductor (LSCC), IPG Photonics (IPGP), Synaptics (SYNA), BE Semiconductor Industries (BESIY), Allegro MicroSystems (ALGM), Silicon Laboratories (SLAB), Amkor Technology (AMKR), Power Integrations (POWI), Sumco (SUOPY), Ambarella (AMBA) and AU Optronics (AUOTY).
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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), Square (SQ), Enphase Energy (ENPH) and Netflix (NFLX).

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

Daqo New Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.18%), Invesco Ltd. (3.70%), Franklin Resources Inc. (3.61%), Vanguard Group Inc. (2.71%), Goldman Sachs Group Inc. (2.33%) and Allianz Asset Management GmbH (2.14%).

DQ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Deutsche Bank AG, Ninety One UK Ltd, Susquehanna International Group LLP, MARSHALL WACE ASIA Ltd, Pinpoint Asset Management Ltd, Bank of America Corp DE, and State Street Corp.

DQ stock was bought by a variety of institutional investors in the last quarter, including Amundi, Franklin Resources Inc., Allianz Asset Management GmbH, Morgan Stanley, Morgan Stanley, Goldman Sachs Group Inc., Vanguard Group Inc., and Principal Financial Group Inc..

Shares of DQ 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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One share of DQ stock can currently be purchased for approximately $61.07.

Daqo New Energy has a market capitalization of $4.49 billion and generates $675.60 million in revenue each year. The semiconductor company earns $129.20 million in net income (profit) each year or $1.72 on an earnings per share basis.

Daqo New Energy employs 1,896 workers across the globe.

Daqo New Energy was founded in 2007.

The official website for Daqo New Energy is www.dqsolar.com.

Daqo New Energy is headquartered at ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122.

Daqo New Energy's mailing address is ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122. The semiconductor company can be reached via phone at 862150752918 or via email at [email protected].