DQ Stock Recent News

SHANGHAI , April 15, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for first quarter of 2025 ended March 31, 2025 before U.S. markets open on Tuesday, April 29, 2025. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on Tuesday, April 29, 2025 (8:00 PM Beijing / Hong Kong time on the same day).

Daqo (DQ) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Daqo's 72.4% stake in Xinjiang Daqo, valued at $4.6 billion and the subsidiary's high cash position offer substantial downside protection. When the polysilicon market turns, Daqo is quickly valued at a low-single digit EV/EBIT multiple due to the subsidiary's high cash generation capabilities and the present pessimism in the market. The investment offers an asymmetrical risk/reward ratio and a multibagger potential in the medium to long term.

Polysilicon prices remain at rock-bottom levels pressuring higher cost polysilicon manufacturers out of the market. Daqo New Energy's cash burn remains under control and the company has enough liquidity to last years. The stock is trading way below book value at a P/B multiple of 0.3x and has a net cash position that is larger than the market cap.

Daqo New Energy Corp. (DQ0) Q4 2024 Results Conference Call February 27, 2025 8:00 AM ET Company Participants Xiaoyu Xu - Investor Relations Xiang Xu - Chairman & CEO Anita Zhu - Deputy CEO Ming Yang - CFO Conference Call Participants Alan Hon - JPMorgan Phil Shen - ROTH Capital Alan Lau - Jefferies Operator Good day, and welcome to the Daqo New Energy Fourth Quarter 2024 Results Conference Call. All participants will be in listen-only mode.

Daqo New Energy (DQ) came out with a quarterly loss of $2.71 per share versus the Zacks Consensus Estimate of a loss of $0.61. This compares to earnings of $0.64 per share a year ago.

SHANGHAI , Feb. 27, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the fourth quarter and fiscal year of 2024. Fourth Quarter 2024 Financial and Operating Highlights Total cash, short-term investments, bank note receivables and fixed term bank deposit balance was $2.2 billion at the end of Q4 2024, compared to $2.4 billion at the end of Q3 2024 Polysilicon production volume was 34,236 MT in Q4 2024, compared to 43,592 MT in Q3 2024 Polysilicon sales volume was 42,191 MT in Q4 2024, compared to 42,101 MT in Q3 2024 Polysilicon average total production cost(1) was $6.81/kg in Q4 2024, compared to $6.61/kg in Q3 2024 Polysilicon average cash cost(1) was $5.04/kg in Q4 2024, compared to $5.34/kg in Q3 2024 Polysilicon average selling price (ASP) was $4.62/kg in Q4 2024, compared to $4.69/kg in Q3 2024 Reve

SHANGHAI , Feb. 12, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for fourth quarter and fiscal year of 2024 ended December 31, 2024 before U.S. markets open on Thursday, February 27, 2025. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on February 27, 2025 (9:00 PM Beijing / Hong Kong time on the same day).

SHANGHAI , Jan. 17, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary Xinjiang Daqo New Energy ("Xinjiang Daqo") has provided an estimate of its net loss for the fiscal year ended December 31, 2024 to the Shanghai Stock Exchange. Xinjiang Daqo estimates that under PRC GAAP, its net loss attributable to Xinjiang Daqo's shareholders in FY2024 would be in the range of RMB2.6~3.1 billion, compared to net profit attributable to Xinjiang Daqo's shareholders of RMB5.8 billion in FY2023.

DQ's bottom has materialized, as the polysilicon spot prices stabilized and the stock continues to enjoy uptrend bullish support. Much of the tailwinds are attributed to the moderation in capacity utilization and market consolidation, one that DQ may survive, thanks to its healthy balance sheet. If anything, solar installations within China continue to grow, with domestic demand likely to well balance the over supply issues and demand headwinds from the US/ EU.