Is Buying Daqo New Energy Corp (DQ) Here a Winning Strategy?

September 17, 2017 - By Stephen Andrade

The stock of Daqo New Energy Corp (NYSE:DQ) is a huge mover today! The stock increased 5.75% or $1.53 on September 15, reaching $28.15. About 321,632 shares traded or 178.41% up from the average. Daqo New Energy Corp (NYSE:DQ) has declined 5.57% since September 17, 2016 and is downtrending. It has underperformed by 22.27% the S&P500.
The move comes after 6 months positive chart setup for the $296.09M company. It was reported on Sep, 17 by Barchart.com. We have $29.84 PT which if reached, will make NYSE:DQ worth $17.77 million more.

Analysts await Daqo New Energy Corp (NYSE:DQ) to report earnings on November, 21. They expect $1.41 earnings per share, up 18.49 % or $0.22 from last year’s $1.19 per share. DQ’s profit will be $14.83 million for 4.99 P/E if the $1.41 EPS becomes a reality. After $1.19 actual earnings per share reported by Daqo New Energy Corp for the previous quarter, Wall Street now forecasts 18.49 % EPS growth.

Daqo New Energy Corp (NYSE:DQ) Ratings Coverage

Among 3 analysts covering Daqo New Energy (NYSE:DQ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Daqo New Energy had 9 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Daqo New Energy Corp (NYSE:DQ) earned “Outperform” rating by Northland Capital on Friday, December 18. As per Monday, June 5, the company rating was maintained by Roth Capital. Roth Capital maintained the shares of DQ in report on Friday, August 4 with “Buy” rating. On Friday, July 14 the stock rating was maintained by Roth Capital with “Buy”. On Friday, May 26 the stock rating was maintained by Roth Capital with “Buy”. Roth Capital maintained the shares of DQ in report on Monday, June 26 with “Buy” rating. The firm earned “Equal-Weight” rating on Tuesday, November 10 by Morgan Stanley. The firm earned “Buy” rating on Sunday, August 13 by Roth Capital.

More notable recent Daqo New Energy Corp (NYSE:DQ) news were published by: Zacks.com which released: “Daqo New Energy (DQ) Shares March Higher, Can It Continue? July 28, 2017” on July 28, 2017, also Zacks.com with their article: “Can DAQO New Energy (DQ) Run Higher on Strong Earnings Estimate Revisions …” published on August 14, 2017, Nasdaq.com published: “Why DAQO New Energy (DQ) Could Be Positioned for a Surge” on May 18, 2017. More interesting news about Daqo New Energy Corp (NYSE:DQ) were released by: Seekingalpha.com and their article: “DAQO New Energy’s (DQ) CEO Gongda Yao on Q2 2017 Results – Earnings Call …” published on August 08, 2017 as well as Seekingalpha.com‘s news article titled: “Polysilicon Market Seems Headed For A Realignment” with publication date: June 23, 2017.

Daqo New Energy Corp. is a polysilicon manufacturer. The company has market cap of $296.09 million. The Firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. It has a 5.92 P/E ratio. The Company’s divisions include Polysilicon and Wafer.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.