The stock of Daqo New Energy Corp (NYSE:DQ) is a huge mover today! About 195,447 shares traded hands or 70.17% up from the average. Daqo New Energy Corp (NYSE:DQ) has risen 15.64% since March 10, 2016 and is uptrending. It has outperformed by 8.12% the S&P500.
The move comes after 5 months positive chart setup for the $239.02 million company. It was reported on Oct, 13 by Barchart.com. We have $42.41 PT which if reached, will make NYSE:DQ worth $196.00 million more.
Analysts await Daqo New Energy Corp (NYSE:DQ) to report earnings on November, 16. They expect $1.27 EPS, up 149.02% or $0.76 from last year’s $0.51 per share. DQ’s profit will be $13.03 million for 4.59 P/E if the $1.27 EPS becomes a reality. After $2.04 actual EPS reported by Daqo New Energy Corp for the previous quarter, Wall Street now forecasts -37.75% negative EPS growth.
Daqo New Energy Corp (NYSE:DQ) Ratings Coverage
Out of 3 analysts covering Daqo New Energy (NYSE:DQ), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Daqo New Energy has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Northland Capital on Friday, December 18. The company was downgraded on Tuesday, November 10 by Morgan Stanley.
According to Zacks Investment Research, “Daqo New Energy Corp. is engaged in the manufacture and sale of high-quality polysilicon to photovoltaic product manufacturers. The polysilicon is further processed into ingots, wafers, cells and modules for solar power solutions. Daqo New Energy Corp., formerly known as Mega Stand International Limited, is headquartered in Wanzhou, The People’s Republic of China.”
More recent Daqo New Energy Corp (NYSE:DQ) news were published by: Marketwatch.com which released: “Daqo New Energy Corp. ADR” on November 14, 2010. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Seekingalpha.com‘s news article titled: “DAQO New Energy’s (DQ) CEO Gongda Yao on Q1 2016 Results – Earnings Call …” with publication date: May 10, 2016 was also an interesting one.
DQ Company Profile
Daqo New Energy Corp., incorporated on November 22, 2007, is a polysilicon manufacturer. The Firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s divisions include Polysilicon and Wafer. The Firm makes and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Firm offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Firm offers wafers through its downstream photovoltaic product manufacturing business. The Firm also provides wafer original equipment maker (OEM) service to external clients through tolling agreements by processing polysilicon to produce ingot and wafer.
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