NYSE:DQDaqo New Energy Stock Price, Forecast & News

Daqo New Energy's stock was trading at $57.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DQ stock has increased by 101.1% and is now trading at $116.05.
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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.
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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) announced its quarterly earnings data on Wednesday, May, 20th. The semiconductor company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.96. The semiconductor company had revenue of $168.83 million for the quarter, compared to the consensus estimate of $150.50 million. Daqo New Energy had a net margin of 12.82% and a return on equity of 10.03%. During the same quarter in the prior year, the business posted $0.81 EPS.
View Daqo New Energy's earnings history.

3 Wall Street analysts have issued twelve-month target prices for Daqo New Energy's stock. Their forecasts range from $69.00 to $105.00. On average, they anticipate Daqo New Energy's share price to reach $87.00 in the next year. This suggests that the stock has a possible downside of 25.0%.
View analysts' price targets for Daqo New Energy.

Media headlines about DQ stock have been trending very negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Daqo New Energy earned a news sentiment score of -3.9 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Daqo New Energy.

Daqo New Energy saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 547,900 shares, an increase of 23.7% from the April 15th total of 442,800 shares. Based on an average trading volume of 278,200 shares, the short-interest ratio is currently 2.0 days.
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Some companies that are related to Daqo New Energy include Inphi (IPHI), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), Semtech (SMTC), SUMCO CORP/ADR (SUOPY), 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 many different institutional and retail investors. Top institutional investors include UBS Group AG (1.36%), Goldman Sachs Group Inc. (1.28%), Assenagon Asset Management S.A. (0.34%), Barclays PLC (0.24%), BosValen Asset Management Ltd (0.20%) and First Trust Advisors LP (0.16%).

DQ stock was sold by a variety of institutional investors in the last quarter, including 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 Goldman Sachs Group Inc., UBS Group AG, Barclays PLC, Elephas Investment Management Ltd, First Trust Advisors LP, Perigon Wealth Management LLC, Guinness Asset Management LTD, and Guinness Atkinson Asset Management Inc.

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 $116.05.

Daqo New Energy has a market capitalization of $1.61 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]