Daqo New Energy Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Daqo New Energy in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Daqo New Energy stock.
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Daqo New Energy saw a drop in short interest during the month of February. As of February 12th, there was short interest totaling 5,010,000 shares, a drop of 19.3% from the January 28th total of 6,210,000 shares. Based on an average daily volume of 2,620,000 shares, the days-to-cover ratio is presently 1.9 days.
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Daqo New Energy is scheduled to release its next quarterly earnings announcement on Tuesday, March 9th 2021.
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Daqo New Energy will be holding an earnings conference call on Tuesday, March 9th 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 results on Sunday, November, 22nd. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.05. The semiconductor company earned $125.53 million during the quarter, compared to analyst estimates of $124.60 million. Daqo New Energy had a net margin of 13.98% and a trailing twelve-month return on equity of 12.41%. During the same period last year, the business earned $0.13 earnings per share.
View Daqo New Energy's earnings history.

Daqo New Energy's stock was trading at $11.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DQ stock has increased by 803.4% and is now trading at $104.25.
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Daqo New Energy's stock split on 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 market closes on Monday, November 16th 2020. An investor that had 100 shares of Daqo New Energy stock prior to the split would have 500 shares after the split.

4 Wall Street analysts have issued 1-year price targets for Daqo New Energy's stock. Their forecasts range from $13.80 to $100.00. On average, they anticipate Daqo New Energy's stock price to reach $58.60 in the next twelve months. This suggests that the stock has a possible downside of 43.8%.
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Some companies that are related to Daqo New Energy include Maxim Integrated Products (MXIM), Kyocera (KYOCY), United Microelectronics (UMC), Enphase Energy (ENPH), Qorvo (QRVO), Advantest (ATEYY), Monolithic Power Systems (MPWR), ON Semiconductor (ON), ASE Technology (ASX), Semiconductor Manufacturing International (SMICY), SolarEdge Technologies (SEDG), Cree (CREE), IPG Photonics (IPGP), First Solar (FSLR) and Inphi (IPHI).
View all of DQ's competitors.

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), Square (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 investors include BlackRock Inc. (8.42%), Ninety One UK Ltd (4.30%), MARSHALL WACE ASIA Ltd (1.99%), Morgan Stanley (1.83%), Canada Pension Plan Investment Board (1.81%) and Handelsbanken Fonder AB (1.74%).

DQ stock was sold by a variety of institutional investors in the last quarter, including Sandbar Asset Management LLP, Wells Fargo & Company MN, and Squarepoint Ops LLC.

DQ stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ninety One UK Ltd, MARSHALL WACE ASIA Ltd, Elephas Investment Management Ltd, Canada Pension Plan Investment Board, Handelsbanken Fonder AB, Morgan Stanley, and JPMorgan Chase & Co..

Shares of DQ 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 $104.25.

Daqo New Energy has a market capitalization of $7.24 billion and generates $349.99 million in revenue each year. The semiconductor company earns $29.52 million in net income (profit) each year or $0.40 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 is headquartered at ROOM C 29TH FLOOR HUADU BUILDING NO.838 ZHANGYANG ROAD PUDONG, SHANGHAI F4, 200122.

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]