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NYSE:DQ

Daqo New Energy - DQ Stock Forecast, Price & News

$47.96
+0.28 (+0.59%)
(As of 12/8/2022 01:37 PM ET)
Add
Compare
Today's Range
$46.32
$48.91
50-Day Range
$43.99
$57.45
52-Week Range
$32.20
$77.18
Volume
26,716 shs
Average Volume
1.00 million shs
Market Capitalization
$3.57 billion
P/E Ratio
2.25
Dividend Yield
N/A
Price Target
$75.00

Daqo New Energy MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
56.6% Upside
$75.00 Price Target
Short Interest
Healthy
3.61% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.48mentions of Daqo New Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.15%
From $27.56 to $27.60 Per Share

Overall MarketRank

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

2.49 out of 5 stars

Basic Materials Sector

36th out of 164 stocks

Semiconductors & Related Devices Industry

23rd out of 91 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 manufactures 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.

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DQ Stock News Headlines

Daqo New Energy (NYSE:DQ) Stock Price Up 8.4%
Daqo New Energy: The Stock Is Undervalued
Daqo New Energy: Extremely Cheap Polysilicon Producer
Daqo New Energy Q3 Earnings Climb
Recap: Daqo New Energy Q3 Earnings
Daqo New Energy (DQ) Q3 Earnings Miss Estimates
Earnings Preview: Daqo New Energy
See More Headlines
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DQ Company Calendar

Last Earnings
10/27/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/27/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
2,399
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$75.00
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+56.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$748.92 million
Pretax Margin
64.05%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Cash Flow
$11.03 per share
Book Value
$36.24 per share

Miscellaneous

Free Float
56,402,000
Market Cap
$3.57 billion
Optionable
Optionable
Beta
0.33

Social Links


Key Executives

  • Mr. Guangfu Xu (Age 79)
    Founder & Chairman
  • Mr. Longgen Zhang (Age 57)
    CEO & Director
  • Mr. Ming Yang (Age 49)
    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?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

3 brokerages have issued 1-year price targets for Daqo New Energy's stock. Their DQ share price forecasts range from $70.00 to $80.00. On average, they anticipate the company's stock price to reach $75.00 in the next year. This suggests a possible upside of 57.3% 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 2022?

Daqo New Energy's stock was trading at $40.32 on January 1st, 2022. Since then, DQ shares have increased by 18.3% and is now trading at $47.68.
View the best growth stocks for 2022 here
.

Are investors shorting Daqo New Energy?

Daqo New Energy saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,690,000 shares, a decrease of 7.2% from the October 31st total of 2,900,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 2.0 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 Monday, February 27th 2023.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

Daqo New Energy Corp. (NYSE:DQ) released its quarterly earnings data on Thursday, October, 27th. The semiconductor company reported $4.18 earnings per share for the quarter, missing the consensus estimate of $6.87 by $2.69. The semiconductor company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.10 billion. Daqo New Energy had a trailing twelve-month return on equity of 37.63% and a net margin of 39.51%.

When did Daqo New Energy's stock split?

Daqo New Energy's stock split on Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly issued shares were issued 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.

How will Daqo New Energy's stock buyback program work?

Daqo New Energy announced that its board has approved a stock buyback plan on Wednesday, June 1st 2022, which authorizes the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.07%), Vanguard Group Inc. (2.90%), Tairen Capital Ltd (2.59%), State Street Corp (1.76%), Renaissance Technologies LLC (1.24%) and Handelsbanken Fonder AB (1.23%).

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 $47.68.

How much money does Daqo New Energy make?

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.55 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $748.92 million in net income (profit) each year or $21.29 on an earnings per share basis.

How many employees does Daqo New Energy have?

The company employs 2,399 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 12/8/2022 by MarketBeat.com Staff