DQ Stock Recent News

The Zacks Chemicals Specialty industry is poised to benefit from an uptick in demand across major end-use markets. PPG, DQ, HWKN and AVD are set to gain from self-help actions and demand recovery.

Daqo New Energy holds a majority stake in its subsidiary Xinjiang Daqo, which is listed on the Shanghai Stock Exchange. Daqo is trading at 29.9% of the NAV of the stake in the Chinese subsidiary, which translates into an upside of 235%. There is significant operating leverage in the polysilicon price, potentially adding further upside to the discount to NAV.

The mean of analysts' price targets for Daqo (DQ) points to a 28.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Daqo (DQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Daqo New Energy Corp. (DQ) Q4 2023 Earnings Call Transcript

Daqo New Energy (DQ) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $4.71 per share a year ago.

Many investors today have deemed China stocks as non-viable investments. However, being a contrarian investor is a great way to make outsized returns.

Daqo New Energy (DQ) repurchased shares worth $491 million by 2023 end, expressing confidence in undervaluation and emphasizing capital preservation amid industry challenges.

Solar stocks have suffered in 2023, but the recent momentum driven by expected rate cuts from the Federal Reserve could move solar stocks higher in 2024. Daqo New Energy is facing a fierce oversupply environment, which is pressuring profits, the average selling price of polysilicon, and the stock price. However, new initiatives to manufacture their own silicon metal and a dive into the world of semiconductor-grade polysilicon can positively impact profit margins.