Daqo New Energy - DQ Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DQ, but not buy additional shares or sell existing shares.
View DQ analyst ratings or view top-rated stocks.

5 brokers have issued twelve-month price objectives for Daqo New Energy's stock. Their DQ share price forecasts range from $53.00 to $139.10. On average, they anticipate the company's share price to reach $80.82 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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Daqo New Energy's stock was trading at $40.32 at the beginning of 2022. Since then, DQ shares have increased by 69.3% and is now trading at $68.25.
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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) issued its quarterly earnings results on Thursday, October, 28th. The semiconductor company reported $3.81 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.70. The semiconductor company earned $585.78 million during the quarter, compared to analyst estimates of $517.50 million. Daqo New Energy had a net margin of 45.77% and a trailing twelve-month return on equity of 45.97%. During the same period in the prior year, the company posted $0.27 earnings per share.

Shares of Daqo New Energy split 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 closing bell 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 has initiated a share buyback plan on Wednesday, June 1st 2022, which permits the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors 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 many different institutional and retail investors. Top institutional shareholders 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 $68.25.

Daqo New Energy (NYSE:DQ) has a market capitalization of $5.09 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 was founded in 2007.

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.