Daqo New Energy/DQ

$21.28

6.77%
-
1D1W1MYTD1YMAX

About Daqo New Energy

Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company's segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company offers wafers through its downstream photovoltaic product manufacturing business. The Company also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The Company's wafer manufacturing annual capacity is approximately 90 million pieces.

Ticker

DQ

Sector

Energy

Trading on

NYSE

Industry

Semiconductors

CEO

Xiang Xu

Employees

5,765

Headquarters

Chongqing, China

Daqo New Energy Metrics

BasicAdvanced
$1.3B
Market cap
9.02
P/E ratio
$2.26
EPS
0.33
Beta
-
Dividend rate
$1.3B
0.32588
$43.66
$17.30
1.4M
4.59
4.324
1.231
3.71%
3.4%
5.62%
9.022
0.669
0.284
0.285
2.678
-50.14%
-88.72%
50.6%
49.22%

What the Analysts think about Daqo New Energy

Analyst Ratings

Majority rating from 9 analysts.
Buy

Price Targets

Average projection from 10 analysts.
46.71% upside
High $58.00
Low $17.50
$21.28
Current price
$31.22
Average price target

Daqo New Energy Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
3.7% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$415M
-12.79%
Net income
$15M
-71.11%
Profit margin
3.7%
-66.93%

Daqo New Energy Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 57.14%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$1.60
-$0.09
$0.64
$0.24
-
Expected
$4.67
$0.94
$0.84
$0.56
-$0.24
Surprise
-65.74%
-109.57%
-23.81%
-57.14%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
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FAQs

What’s the current market cap for Daqo New Energy stock?

Daqo New Energy (DQ) has a market cap of $1.3B as of May 29, 2024.

What is the P/E ratio for Daqo New Energy stock?

The price to earnings (P/E) ratio for Daqo New Energy (DQ) stock is 9.02 as of May 29, 2024.

Does Daqo New Energy stock pay dividends?

No, Daqo New Energy (DQ) stock does not pay dividends to its shareholders as of May 29, 2024.

When is the next Daqo New Energy dividend payment date?

Daqo New Energy (DQ) stock does not pay dividends to its shareholders.

What is the beta indicator for Daqo New Energy?

Daqo New Energy (DQ) has a beta rating of 0.33. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Daqo New Energy stock price target?

The target price for Daqo New Energy (DQ) stock is $31.22, which is 46.71% above the current price of $21.28. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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