Streetbeat News

Daqo New Energy Corp.

https://www.dqsolar.com

Industry

Semiconductors

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures 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. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.

Open

18.14

Mkt cap

1.1B

Volume

991K

High

18.17

P/E Ratio

-10.24

52-wk high

30.85

Low

16.92

Div yield

N/A

52-wk low

13.62

Daqo New Energy is currently facing short-term challenges due to a decline in polysilicon prices, affecting its revenue and profitability for FY24. However, the company is considered deeply undervalued, with a strong balance sheet and expected long-term demand growth for solar panels. Polysilicon prices are anticipated to recover by the second half of FY25.

Portfolio Pulse from

December 07, 2024 | 8:00 am

Daqo New Energy reported a Q3 2024 adjusted loss of $(0.59) per share, missing the $(0.31) estimate, but sales of $198.496M beat the $187.927M estimate. This marks a significant decline from last year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:05 am

Daqo New Energy has appointed Xiaoyu Xu as Deputy CEO, effective October 30, 2024. This leadership change may influence the company's strategic direction and operations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:04 am

Several information technology stocks experienced significant price movements during Tuesday's intraday session. Notable gainers included BIO-key Intl, Cemtrex, CommVault Systems, Canaan, Greenidge Generation, and Cadence Design Systems. On the losing side, Daqo New Energy, Harmonic, SMX, Xerox Holdings, Phunware, and JinkoSolar Holding Co saw declines, with some companies reporting earnings that influenced their stock prices.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 4:30 pm

Several major stocks, including TransMedics Group, CVR Energy, Xerox, Harmonic, Amkor Technology, Janus International, Crocs, Daqo New Energy, D.R. Horton, and Check Point Software, experienced significant declines in pre-market trading due to weak quarterly results and other financial disappointments.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 12:52 pm

VF Corp shares surged 21.4% in pre-market trading after reporting better-than-expected Q2 results, with revenue of $2.8 billion and earnings of 60 cents per share. Other stocks like Shuttle Pharmaceuticals and Lixte Biotechnology also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 10:12 am

In Friday's pre-market session, several information technology stocks experienced significant movements. ARB IOT Group, Zapata Computing Holdings, Western Digital, Daqo New Energy, Cemtrex, and Phunware saw notable gains, while Alpha Technology Group, Syntec Optics Holdings, Abits Group, Orangekloud Technology, Nano Labs, and Signing Day Sports experienced declines.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 12:07 pm

In Friday's pre-market session, several information technology stocks experienced significant movements. Notable gainers include ARB IOT Group, Zapata Computing Holdings, and Western Digital, with Western Digital's rise linked to its Q1 earnings report. On the losing side, Alpha Technology Group and Syntec Optics Holdings saw notable declines.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 12:07 pm

Texas Instruments and several other companies saw their stock prices rise on Wednesday following strong earnings reports. Texas Instruments reported better-than-expected Q3 earnings and revenue, leading to a 4.3% increase in its stock price. Other companies like Stride, Upwork, and Valmont Industries also experienced significant gains due to positive financial results.

Portfolio Pulse from Avi Kapoor

October 23, 2024 | 2:33 pm

In Wednesday's pre-market session, several information technology stocks experienced significant movements. Notable gainers include Zapata Computing Holdings, Phunware, and Daqo New Energy, while Enphase Energy and SolarEdge Technologies were among the losers. Enphase Energy's decline is linked to its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 12:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.