NYSE:DQDaqo New Energy Stock Price, Forecast & News

Daqo New Energy's stock was trading at $57.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DQ stock has increased by 94.4% and is now trading at $112.14.
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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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Daqo New Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020.
View our earnings forecast for Daqo New Energy.

Daqo New Energy will be holding an earnings conference call on Tuesday, August 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Daqo New Energy Corp (NYSE:DQ) released its quarterly earnings results on Wednesday, May, 20th. The semiconductor company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.96. The semiconductor company earned $168.83 million during the quarter, compared to analyst estimates of $150.50 million. Daqo New Energy had a return on equity of 10.03% and a net margin of 12.82%. During the same period last year, the firm posted $0.81 earnings per share.
View Daqo New Energy's earnings history.

3 Wall Street analysts have issued 12 month price targets for Daqo New Energy's shares. Their forecasts range from $69.00 to $105.00. On average, they expect Daqo New Energy's stock price to reach $87.00 in the next year. This suggests that the stock has a possible downside of 22.4%.
View analysts' price targets for Daqo New Energy.

Media headlines about DQ stock have trended somewhat negative this week, according to InfoTrie. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Daqo New Energy earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Daqo New Energy.

Daqo New Energy saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 511,600 shares, a drop of 22.9% from the June 15th total of 663,300 shares. Based on an average daily volume of 260,600 shares, the days-to-cover ratio is currently 2.0 days.
View Daqo New Energy's Short Interest.

Some companies that are related to Daqo New Energy include Inphi (IPHI), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Semtech (SMTC), Lattice Semiconductor (LSCC), Cirrus Logic (CRUS), Dialog Semiconductor (DLGNF), Power Integrations (POWI), BE Semiconductor Industrs (BESIY), Viavi Solutions (VIAV), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR) and Synaptics (SYNA).
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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), Baidu (BIDU), Square (SQ), JD.Com (JD), QUALCOMM (QCOM), Energy Transfer LP Unit (ET) 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 institutional and retail investors. Top institutional shareholders include Bank of America Corp DE (2.53%), Vanguard Group Inc. (2.05%), UBS Group AG (1.36%), Goldman Sachs Group Inc. (1.28%), Perseverance Asset Management International (0.59%) and Assenagon Asset Management S.A. (0.34%).

DQ stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BosValen Asset Management Ltd, Assenagon Asset Management S.A., M&G Investment Management Ltd., Navellier & Associates Inc, California Public Employees Retirement System, CoreCommodity Management LLC, and Zurcher Kantonalbank Zurich Cantonalbank .

DQ stock was purchased by a variety of institutional investors in the last quarter, including Perseverance Asset Management International, Goldman Sachs Group Inc., Marshall Wace LLP, UBS Group AG, Barclays PLC, Jefferies Group LLC, Elephas Investment Management Ltd, 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 $112.14.

Daqo New Energy has a market capitalization of $1.56 billion and generates $349.99 million in revenue each year. The semiconductor company earns $29.52 million in net income (profit) each year or $2.02 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]