Daqo New Energy Stock Forecast, Price & News

Daqo New Energy's stock was trading at $11.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DQ stock has increased by 273.4% and is now trading at $43.09.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Daqo New Energy.

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Daqo New Energy is scheduled to release its next quarterly earnings announcement on Wednesday, March 10th 2021.
View our earnings forecast for Daqo New Energy.

Daqo New Energy Corp. (NYSE:DQ) issued its quarterly earnings results on Sunday, November, 22nd. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.05. Daqo New Energy had a net margin of 12.01% and a return on equity of 10.52%. During the same quarter in the prior year, the firm earned $0.13 earnings per share.
View Daqo New Energy's earnings history.

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 payable 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.

3 analysts have issued twelve-month price objectives for Daqo New Energy's stock. Their forecasts range from $13.80 to $40.00. On average, they expect Daqo New Energy's share price to reach $26.90 in the next twelve months. This suggests that the stock has a possible downside of 37.6%.
View analysts' price targets for Daqo New Energy.

Daqo New Energy saw a increase in short interest in October. As of October 30th, there was short interest totaling 1,140,000 shares, an increase of 134.2% from the October 15th total of 486,800 shares. Based on an average trading volume of 489,400 shares, the short-interest ratio is presently 2.3 days.
View Daqo New Energy's Short Interest.

Some companies that are related to Daqo New Energy include ON Semiconductor (ON), ASE Technology (ASX), IPG Photonics (IPGP), Cree (CREE), First Solar (FSLR), Inphi (IPHI), Inphi (IPHI), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Sumco (SUOPY), Semtech (SMTC), Cirrus Logic (CRUS), CMC Materials (CCMP), Power Integrations (POWI) and SunPower (SPWR).
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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 a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.53%), Handelsbanken Fonder AB (3.36%), State Street Corp (1.72%), BlackRock Inc. (1.36%), Voloridge Investment Management LLC (0.46%) and JPMorgan Chase & Co. (0.38%).

DQ stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., State Street Corp, Connor Clark & Lunn Investment Management Ltd., Jefferies Group LLC, BlackRock Inc., M&G Investment Management Ltd., Guinness Atkinson Asset Management Inc, and CoreCommodity Management LLC.

DQ stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Handelsbanken Fonder AB, Voloridge Investment Management LLC, Allianz Asset Management GmbH, Central Asset Investments & Management Holdings HK Ltd, Maso Capital Partners Ltd, Cubist Systematic Strategies LLC, and First Trust Advisors LP.

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

One share of DQ stock can currently be purchased for approximately $43.09.

Daqo New Energy has a market capitalization of $2.99 billion and generates $349.99 million in revenue each year. The semiconductor company earns $29.52 million in net income (profit) each year or $0.40 on an earnings per share basis. Daqo New Energy employs 1,892 workers across the globe.

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

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 86-21-5075-2918 or via email at [email protected]