NYSE:DQDaqo New Energy Stock Price, Forecast & News

Daqo New Energy's stock was trading at $57.70 on March 11th, 2020 when 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."
View analyst ratings for Daqo New Energy.

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) issued its earnings results on Wednesday, May, 20th. The semiconductor company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate 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 net margin of 12.82% and a return on equity of 10.03%. During the same quarter in the prior year, the company posted $0.81 EPS.
View Daqo New Energy's earnings history.

3 equities research analysts have issued 1-year target prices for Daqo New Energy's shares. 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 twelve months. 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 been trending neutral recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Daqo New Energy earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock'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 in 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 trading volume, of 260,600 shares, the short-interest ratio is presently 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 many different retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (2.53%), Canada Pension Plan Investment Board (2.27%), Vanguard Group Inc. (2.05%), Electron Capital Partners LLC (1.52%), UBS Group AG (1.36%) and Goldman Sachs Group Inc. (1.28%).

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 acquired by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Electron Capital Partners LLC, Perseverance Asset Management International, Goldman Sachs Group Inc., Marshall Wace LLP, UBS Group AG, Barclays PLC, and Jefferies Group LLC.

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]