DAQO New Energy Corp. (NYSE:DQ) Receives $25.43 Average PT from Analysts

Shares of DAQO New Energy Corp. (NYSE:DQ) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.4267.

Several analysts recently issued reports on the company. New Street Research set a $18.13 price target on DAQO New Energy in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of DAQO New Energy in a research note on Monday, December 29th. Finally, Glj Research lowered DAQO New Energy from a “buy” rating to a “sell” rating and dropped their target price for the stock from $30.51 to $18.13 in a research report on Tuesday, February 3rd.

Institutional Trading of DAQO New Energy

A number of large investors have recently modified their holdings of the company. Quarry LP acquired a new position in DAQO New Energy during the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC increased its stake in shares of DAQO New Energy by 1,650.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,330 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,254 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of DAQO New Energy during the fourth quarter valued at approximately $49,000. Banque Cantonale Vaudoise bought a new stake in shares of DAQO New Energy during the fourth quarter valued at approximately $55,000. Finally, Headlands Technologies LLC acquired a new position in shares of DAQO New Energy during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

DAQO New Energy Stock Up 0.0%

DQ opened at $23.44 on Friday. The company’s 50-day moving average price is $24.65 and its 200 day moving average price is $27.92. DAQO New Energy has a fifty-two week low of $12.40 and a fifty-two week high of $36.59. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -9.23 and a beta of 0.68.

DAQO New Energy (NYSE:DQ) last issued its earnings results on Thursday, February 26th. The semiconductor company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $221.71 million during the quarter, compared to analyst estimates of $276.94 million. DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.92%. Research analysts anticipate that DAQO New Energy will post -3.5 earnings per share for the current year.

DAQO New Energy Company Profile

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China’s Xinjiang Uygur Autonomous Region.