Daqo New Energy (NYSE: DQ) has recently received a number of price target changes and ratings updates:
- 8/28/2024 – Daqo New Energy was upgraded by analysts at Nomura Securities to a “strong-buy” rating.
- 8/28/2024 – Daqo New Energy had its price target lowered by analysts at Roth Mkm from $23.00 to $15.00. They now have a “neutral” rating on the stock.
- 8/27/2024 – Daqo New Energy was upgraded by analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating.
- 8/27/2024 – Daqo New Energy was upgraded by analysts at HSBC Holdings plc from a “reduce” rating to a “hold” rating. They now have a $15.00 price target on the stock.
- 8/26/2024 – Daqo New Energy had its price target lowered by analysts at Jefferies Financial Group Inc. from $38.40 to $34.05. They now have a “buy” rating on the stock.
- 8/13/2024 – Daqo New Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 7/11/2024 – Daqo New Energy is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating on the stock.
Daqo New Energy Stock Up 1.7 %
DQ traded up $0.25 during trading on Wednesday, hitting $14.54. 24,053 shares of the company traded hands, compared to its average volume of 1,052,862. The firm has a market cap of $959.74 million, a P/E ratio of 6.83 and a beta of 0.28. The stock’s fifty day moving average is $15.91 and its 200 day moving average is $20.06. Daqo New Energy Corp. has a one year low of $13.62 and a one year high of $37.20.
Daqo New Energy (NYSE:DQ – Get Free Report) last posted its earnings results on Monday, August 26th. The semiconductor company reported ($1.81) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($1.25). The business had revenue of $219.91 million during the quarter, compared to analysts’ expectations of $406.50 million. Daqo New Energy had a negative return on equity of 1.04% and a negative net margin of 4.11%. During the same quarter in the previous year, the business earned $1.34 EPS. On average, equities research analysts forecast that Daqo New Energy Corp. will post -3.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Daqo New Energy
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
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