Daqo New Energy - DQ Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DQ shares.
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4 equities research analysts have issued 12-month price objectives for Daqo New Energy's shares. Their DQ share price forecasts range from $79.00 to $139.10. On average, they predict the company's share price to reach $99.37 in the next twelve months. This suggests a possible upside of 93.6% from the stock's current price.
View analysts price targets for DQ or view top-rated stocks among Wall Street analysts.

Daqo New Energy's stock was trading at $40.32 on January 1st, 2022. Since then, DQ shares have increased by 27.3% and is now trading at $51.33.
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Daqo New Energy saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,020,000 shares, an increase of 38.5% from the August 31st total of 2,180,000 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) posted its quarterly earnings results on Wednesday, August, 3rd. The semiconductor company reported $8.18 earnings per share for the quarter, topping the consensus estimate of $6.46 by $1.72. The semiconductor company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.07 billion. Daqo New Energy had a net margin of 45.77% and a trailing twelve-month return on equity of 45.97%.

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 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.

Daqo New Energy announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 1st 2022, which authorizes the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board 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."

Daqo New Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Franklin Resources Inc. (4.39%), Hhlr Advisors LTD. (2.53%), State Street Corp (1.57%), Handelsbanken Fonder AB (1.50%), Allianz Asset Management GmbH (1.11%) and Mackenzie Financial Corp (0.89%).

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 $51.33.

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.82 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $748.92 million in net income (profit) each year or $20.92 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.