Daqo New Energy Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Shanghai , april 29, 2024 /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 it filed its annual report on form 20-f for the fiscal year ended december 31, 2023, which contains the company's audited consolidated financial statements, with the securities and exchange commission (the "sec") on april 29 2024. the annual report on form 20-f can be accessed and downloaded from the sec's website at www.sec.gov or through the investor relations section of the company's website at https://www.dqsolar.com/.

Shanghai , april 29, 2024 /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 first quarter of 2024. first quarter 2024 financial and operating highlights polysilicon production volume was 62,278 mt in q1 2024, compared to 61,014 mt in q4 2023 polysilicon sales volume was 53,987 mt in q1 2024 compared to 59,906 mt in q4 2023 polysilicon average total production cost(1) was $6.37/kg in q1 2024 compared to $6.50/kg in q4 2023 polysilicon average cash cost(1) was $5.61/kg in q1 2024, compared to $5.72/kg in q4 2023 polysilicon average selling price (asp) was $7...

Shanghai , april 16, 2024 /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 the first quarter of 2024 ended march 31, 2024 before u.s. markets open on monday, april 29, 2024. the company has scheduled a conference call to discuss the results at 8:00 am u.s. eastern time on april 29, 2024 (8:00 pm beijing / hong kong time on the same day).

Shanghai , april 1, 2024 /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's board of directors has approved its cash dividend plan for 2023 and has proposed it to xinjiang daqo's annual shareholders' meeting for approval. for the year ended december 31, 2023, the net profit attributable to xinjiang daqo's shareholders was rmb 5,762,696,246.

New york , march 27, 2024 /prnewswire/ -- pomerantz llp is investigating claims on behalf of investors of daqo new energy corp. ("daqo" or the "company") (nyse: dq). such investors are advised to contact danielle peyton at newaction@pomlaw.com or 646-581-9980, ext.

Daqo New Energy (DQ) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $3.52 per share a year ago.

Daqo New Energy (DQ) is likely to have gained from higher prices, healthy demand for polysilicon and actions to improve efficiency in the first quarter.

The latest trading day saw Daqo New Energy (DQ) settling at $22.29, representing a +0.81% change from its previous close.

Certain stocks fall out of favor once every business cycle, whether for actual justifiable reasons or because of plain overlooking. Markets can get busy and caught up with sectors that make the most noise, such as the U.S. technology sector, which has been taken to all-time highs by names like Nvidia Co. NASDAQ: NVDA.

We are upgrading DQ to a Buy, despite the declining spot prices, the growing pessimism surrounding Chinese-based ADS, and the (potential) intensified solar tariffs on foreign made solar panels. The stock is still trading way below its book value per share, thanks to the robust balance sheet and the management's consistent share repurchases thus far. DQ remains well capitalized to weather the intermediate-term uncertainties, as the polysilicon prices near cash costs and the global capacity expands over the next few years.

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.

In the stock market, chances frequently present themselves in unlikely places. Underdog stocks are quietly but firmly advancing toward victory amid the established giants' flurry of activity.

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.

XRX, REYN, TRUMY, DQ and STR have been added to the Zacks Rank #1 (Strong Buy) List on March 28, 2023.