Daqo New Energy - DQ Stock Forecast, Price & News

3 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 1 buy rating for the stock. The consensus among Wall Street equities 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.
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3 Wall Street analysts have issued 1 year target prices for Daqo New Energy's stock. Their DQ share price forecasts range from $70.00 to $80.00. On average, they anticipate the company's stock price to reach $75.00 in the next year. This suggests a possible upside of 72.7% from the stock's current price.
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Daqo New Energy's stock was trading at $38.61 on January 1st, 2023. Since then, DQ shares have increased by 12.5% and is now trading at $43.44.
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Daqo New Energy saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 3,520,000 shares, an increase of 22.2% from the December 15th total of 2,880,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 2.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our DQ earnings forecast.

Daqo New Energy Corp. (NYSE:DQ) announced its quarterly earnings data on Thursday, October, 28th. The semiconductor company reported $3.81 EPS for the quarter, beating 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 trailing twelve-month return on equity of 37.63% and a net margin of 39.51%. During the same quarter in the previous year, the firm earned $0.27 EPS.

Daqo New Energy shares split on the morning of Tuesday, November 17th 2020. The 5-1 split was announced on Monday, October 26th 2020. The newly created shares were issued 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 declared that its board has initiated a stock repurchase plan on Wednesday, June 1st 2022, which authorizes the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership 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 National Bank of Canada FI (0.40%), Ariose Capital Management Ltd (0.29%), SG Americas Securities LLC (0.21%), Janney Montgomery Scott LLC (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.19%) and Simplex Trading LLC (0.00%).

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 $43.44.

Daqo New Energy (NYSE:DQ) has a market capitalization of $3.24 billion and generates $1.68 billion in revenue each year. The semiconductor company earns $748.92 million in net income (profit) each year or $21.29 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.