Daqo New Energy - DQ Stock Forecast, Price & News

3 Wall Street equities 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 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.

3 brokers have issued twelve-month price targets for Daqo New Energy's stock. Their DQ share price forecasts range from $70.00 to $80.00. On average, they expect the company's share price to reach $75.00 in the next year. This suggests a possible upside of 60.1% 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 increased by 21.3% and is now trading at $46.84.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) announced its quarterly earnings results on Tuesday, February, 28th. The semiconductor company reported $4.71 EPS for the quarter. The semiconductor company earned $864.25 million during the quarter, compared to the consensus estimate of $1.13 billion. Daqo New Energy had a trailing twelve-month return on equity of 34.82% and a net margin of 40.36%.

ETFs with the largest weight of Daqo New Energy (NYSE:DQ) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), Invesco Solar ETF (TAN), SPDR S&P Kensho Clean Power ETF (CNRG), Global X MSCI China Information Technology ETF (CHIK), Invesco Golden Dragon China ETF (PGJ), AXS Green Alpha ETF (NXTE) and Mohr Growth ETF (MOHR).

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 minted shares were payable 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 announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 1st 2022, which authorizes the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DQ."

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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One share of DQ stock can currently be purchased for approximately $46.84.

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.49 billion and generates $4.61 billion in revenue each year. The semiconductor company earns $1.86 billion in net income (profit) each year or $24.06 on an earnings per share basis.

The company employs 2,399 workers across the globe.

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.