Daqo New Energy Corp (DQ)’s Stock Is Buy After Today’s Big Increase

September 17, 2017 - By Dolores Ford

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 expect Daqo New Energy Corp (NYSE:DQ) to report $1.41 EPS on November, 21.They anticipate $0.22 EPS change or 18.49 % from last quarter’s $1.19 EPS. DQ’s profit would be $14.83 million giving it 4.99 P/E if the $1.41 EPS is correct. After having $1.19 EPS previously, Daqo New Energy Corp’s analysts see 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 “Buy” rating by Roth Capital on Friday, July 14. The company was maintained on Monday, June 26 by Roth Capital. The firm has “Buy” rating by Roth Capital given on Friday, May 26. The company was downgraded on Tuesday, November 10 by Morgan Stanley. The stock of Daqo New Energy Corp (NYSE:DQ) has “Buy” rating given on Sunday, August 13 by Roth Capital. Northland Capital initiated Daqo New Energy Corp (NYSE:DQ) rating on Friday, December 18. Northland Capital has “Outperform” rating and $37 target. The company was maintained on Friday, August 4 by Roth Capital. The rating was maintained by Roth Capital with “Buy” on Monday, June 5.

More notable recent Daqo New Energy Corp (NYSE:DQ) news were published by: Seekingalpha.com which released: “DAQO New Energy’s (DQ) CEO Gongda Yao on Q2 2017 Results – Earnings Call …” on August 08, 2017, also Zacks.com with their article: “Daqo New Energy (DQ) Shares March Higher, Can It Continue? July 28, 2017” published on July 28, 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: “Polysilicon Market Seems Headed For A Realignment” published on June 23, 2017 as well as Seekingalpha.com‘s news article titled: “From Paris To Chongqing – Long On Daqo” with publication date: June 07, 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.

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