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He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Inflation Emergency to Disrupt Your Financial Future? (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Inflation Emergency to Disrupt Your Financial Future? (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Inflation Emergency to Disrupt Your Financial Future? (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
He's Giving Away His Ultimate Dividend Package FOR FREE! (Ad)pixel
NYSE:DQ

Daqo New Energy - DQ Stock Forecast, Price & News

$68.25
-0.33 (-0.48%)
(As of 08/16/2022 12:00 AM ET)
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Compare
Today's Range
$67.50
$69.34
50-Day Range
$53.97
$77.00
52-Week Range
$32.20
$81.10
Volume
802,678 shs
Average Volume
1.54 million shs
Market Capitalization
$5.09 billion
P/E Ratio
3.26
Dividend Yield
N/A
Price Target
$80.82

Daqo New Energy MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
18.4% Upside
$80.82 Price Target
Short Interest
Healthy
2.67% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.06mentions of Daqo New Energy in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.40%
From $27.33 to $27.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Basic Materials Sector

114th out of 170 stocks

Semiconductors & Related Devices Industry

66th out of 100 stocks

DQ stock logo

About Daqo New Energy (NYSE:DQ) Stock

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.

Analysts Set New Price Targets

A number of research firms have weighed in on DQ. TheStreet raised shares of Daqo New Energy from a "c+" rating to a "b-" rating in a research report on Friday, May 6th. StockNews.com raised shares of Daqo New Energy from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. Daiwa Capital Markets increased their price objective on shares of Daqo New Energy from $47.00 to $80.00 in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. upgraded shares of Daqo New Energy from a "neutral" rating to an "overweight" rating in a research note on Wednesday, May 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Daqo New Energy has an average rating of "Moderate Buy" and an average price target of $80.82.

Daqo New Energy Price Performance

NYSE:DQ traded down $0.33 during midday trading on Tuesday, reaching $68.25. 802,678 shares of the company traded hands, compared to its average volume of 1,543,526. Daqo New Energy has a twelve month low of $32.20 and a twelve month high of $81.10. The company has a fifty day moving average price of $65.60 and a 200 day moving average price of $51.46. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 3.26 and a beta of 0.30.

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DQ Stock News Headlines

StockNews.com Upgrades Daqo New Energy (NYSE:DQ) to Strong-Buy
Daqo: Q2 Earnings Snapshot
Daqo New Energy Announces Unaudited Second Quarter 2022 Results
DQ Crosses Above Average Analyst Target
See More Headlines
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DQ Company Calendar

Last Earnings
10/28/2021
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
2,399
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$80.82
High Stock Price Forecast
$139.10
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$748.92 million
Pretax Margin
67.55%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Cash Flow
$11.26 per share
Book Value
$36.24 per share

Miscellaneous

Free Float
N/A
Market Cap
$5.09 billion
Optionable
Optionable
Beta
0.30

Social Links















DQ Stock - Frequently Asked Questions

Should I buy or sell Daqo New Energy stock right now?

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.

What is Daqo New Energy's stock price forecast for 2022?

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.
View analysts price targets for DQ
or view top-rated stocks among Wall Street analysts.

How have DQ shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Daqo New Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our DQ earnings forecast
.

How were Daqo New Energy's earnings last quarter?

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.

When did Daqo New Energy's stock split?

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.

How will Daqo New Energy's stock buyback program work?

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.

What other stocks do shareholders of Daqo New Energy own?

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).

What is Daqo New Energy's stock symbol?

Daqo New Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DQ."

Who are Daqo New Energy's major shareholders?

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%).

How do I buy shares of Daqo New Energy?

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.
Compare Top Brokerages Here.

What is Daqo New Energy's stock price today?

One share of DQ stock can currently be purchased for approximately $68.25.

How much money does Daqo New Energy make?

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.

How many employees does Daqo New Energy have?

The company employs 2,399 workers across the globe.

Does Daqo New Energy have any subsidiaries?
The following companies are subsidiares of Daqo New Energy: Chongqing Daqo New Energy Co. Ltd., Daqo New Energy (Hong Kong) Co. Limited, Xinjiang Daqo Guodi Silicon Material Technology Co. Ltd., Xinjiang Daqo Investment Co. Ltd., Xinjiang Daqo Lvchuang Environmental Technology Co. Ltd., and Xinjiang Daqo New Energy Co. Ltd..
Read More
When was Daqo New Energy founded?

Daqo New Energy was founded in 2007.

How can I contact Daqo New Energy?

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.

This page (NYSE:DQ) was last updated on 8/17/2022 by MarketBeat.com Staff

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