Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. The photovoltaic product manufactures further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, and packaged to meet crucible stacking, pulling, and solidification products. 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 headquartered in Shanghai, the People's Republic of China.
IPO Year: 2010
Exchange: NYSE
Website: dqsolar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | Neutral → Outperform | Daiwa Securities | |
| 10/2/2024 | Hold → Buy | HSBC Securities | |
| 8/27/2024 | $15.00 | Reduce → Hold | HSBC Securities |
| 7/11/2024 | Buy | Goldman | |
| 5/6/2024 | $23.50 → $17.50 | Hold → Reduce | HSBC Securities |
| 9/19/2023 | $45.00 → $32.00 | Outperform → Neutral | Daiwa Securities |
| 8/4/2023 | $45.00 | Neutral → Buy | Nomura |
| 5/5/2023 | Neutral → Outperform | Daiwa Securities | |
| 12/5/2022 | $140.00 → $70.00 | Buy → Neutral | Goldman |
| 9/15/2022 | Outperform → Neutral | Daiwa Securities |
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
6-K - DAQO NEW ENERGY CORP. (0001477641) (Filer)
20-F - DAQO NEW ENERGY CORP. (0001477641) (Filer)
SHANGHAI, Oct. 30, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the appointment of Ms. Xiaoyu Xu as Deputy Chief Executive Officer of the Company, effective October 30, 2024. Ms. Xiaoyu Xu has served as the Company's Investor Relations Director and Board Secretary since May 2023 and as a Director since November 2023. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a focus on finance, from the Wharton School of the University of Pennsylvania, and a Bachelor of Science degre
SHANGHAI, Nov. 14, 2023 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the appointment of Ms. Xiaoyu Xu as a director of the Company, effective November 13, 2023. Ms. Xiaoyu Xu joined the Company in May 2023 as Investor Relations Director and Board Secretary. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a concentration in finance from the Wharton School at the University of Pennsylvania, and a Bachelor of Science degree in business administration from the Haas School of Busine
SHANGHAI, July 28, 2023 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the appointment of Mr. Guoqing Chen as an independent director of the Company, effective on July 28, 2023. With the inclusion of Mr. Guoqing Chen, the Company has an independent majority on its board, as 6 out of its 11 directors are now independent directors. Mr. Guoqing Chen has served as the head of Shanghai Horizon Economic Research Institute since 2002. He is also the chair professor at Shanghai National Accounting Institute and the deputy director at the China Management Ac
Daqo New Energy Corp. (NYSE:DQ) shares are trading higher after the company approved a $100 million share repurchase program, effective until June 30, 2025. Daqo New Energy’s board has authorized the repurchase of up to $100 million of its shares or ADSs through various legal means, in compliance with U.S. securities laws. The repurchase program will be funded mainly from the company’s available and existing cash balance. Xiang Xu, Chairman and Chief Executive Officer of the Company, said, “The share repurchase program underscores our confidence in the Company’s business development as we weather through the industry downcycle. We remain fully committed to delivering sustainable gr
We have recently received the first instance court's verdict. The court affirmed termination of the business cooperation agreement on December 31, 2023, and ordered Xinjiang Daqo to compensate the plaintiffs for their losses arising from rents and employee salaries in the amount of RMB3.06 million, plus attorney fees of RMB100,000. On the other hand, the court rejected the plaintiffs' claims for compensation of their consequential losses. As we are still within the appeal period, the litigation's impact on Xinjiang Daqo will be contingent upon the final verdict.
GLJ Research analyst Gordon Johnson maintains Daqo New Energy (NYSE:DQ) with a Sell and lowers the price target from $19.66 to $12.51.
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U.S. stocks were lower, with the Dow Jones index falling more than 300 points on Wednesday. Shares of HEICO Corporation (NYSE:HEI) rose sharply during Wednesday's session following a second-quarter earnings beat. Heico posted quarterly GAAP earnings of 88 cents per share, beating market estimates of 81 cents per share. The company's quarterly sales came in at $955.395 million versus expectations of $951.206 million, according to data from Benzinga Pro. HEICO shares gained 4.6% to $221.76 on Wednesday. Here are some other big stocks recording gains in today's session. AST SpaceMobile, Inc. (NASDAQ:ASTS) shares gained 29% to $6.88 after the company announced a partnership with
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SC 13G/A - DAQO NEW ENERGY CORP. (0001477641) (Subject)
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SHANGHAI, Nov. 12, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the "AGM") at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No. 838, Zhangyang Road, Pudong District, Shanghai 200122, People's Republic of China on December 10, 2024 at 10:00 AM (Beijing time). Holders of record of the Company's ordinary shares at the close of business in the Cayman Islands on November 18, 2024 will be entitled to attend the AGM and any adjournment or postponement thereof in person. Holders of the Company's ordi
SHANGHAI, Oct. 30, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 43,592 MT in Q3 2024, compared to 64,961 MT in Q2 2024Polysilicon sales volume was 42,101 MT in Q3 2024, compared to 43,082 MT in Q2 2024Polysilicon average total production cost(1) was $6.61/kg in Q3 2024 compared to $6.19/kg in Q2 2024Polysilicon average cash cost(1) was $5.34/kg in Q3 2024, compared to $5.39/kg in Q2 2024Polysi
SHANGHAI, Oct. 30, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the appointment of Ms. Xiaoyu Xu as Deputy Chief Executive Officer of the Company, effective October 30, 2024. Ms. Xiaoyu Xu has served as the Company's Investor Relations Director and Board Secretary since May 2023 and as a Director since November 2023. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a focus on finance, from the Wharton School of the University of Pennsylvania, and a Bachelor of Science degre
SHANGHAI, Oct. 15, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the third quarter of 2024 ended September 30, 2024 before U.S. markets open on Wednesday, October 30, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on October 30, 2024 (8:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982Participant international dial in:
SHANGHAI, Aug. 26, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 64,961 MT in Q2 2024, compared to 62,278 MT in Q1 2024Polysilicon sales volume was 43,082 MT in Q2 2024 compared to 53,987 MT in Q1 2024Polysilicon average total production cost(1) was $6.19/kg in Q2 2024 compared to $6.37/kg in Q1 2024Polysilicon average cash cost(1) was $5.39/kg in Q2 2024, compared to $5.61/kg in Q1 2024Polys
SHANGHAI, Aug. 12, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the second quarter of 2024 ended June 30, 2024 before U.S. markets open on Monday, August 26, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 26, 2024 (8:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982 Participant international dial in: +1-412-9
SHANGHAI, July 22, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its board of directors has approved a US$100 million share repurchase program, effective today through June 30, 2025. The board of directors has authorized Daqo New Energy to repurchase up to US$100 million worth of its own issued and outstanding ordinary shares or American depositary shares ("ADSs") representing ordinary shares in open-market purchases, in negotiated transactions off the market, in block trades or through other legally permissible means in accordance with
SHANGHAI, July 17, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary Xinjiang Daqo has provided an update on its litigation event. In January 2024, Xinjiang Daqo received a court notice relating to a contract dispute lawsuit filed against it by Xinjiang Xian'an New Materials Co., Ltd. ("Xinjiang Xian'an") and its affiliate, Xinjiang Dengbo New Energy Co., Ltd. ("Xinjiang Dengbo", together with Xinjiang Xian'an, "the plaintiffs"). The plaintiffs previously provided silicon core processing services to Xinjiang Daqo. They claim
SHANGHAI, July 9, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today published its 2023 Environmental, Social and Governance ("ESG") report. The 2023 ESG report details key accomplishments resulting from the Company's efforts with respect to corporate governance, innovation and R&D, employee rights protection, environmental sustainability and emission control, as well as social responsibility. "Through continuous investment in R&D and technological innovation, Daqo New Energy Corp. is dedicated to building a better and safer world for generations to come.
SHANGHAI, April 29, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, which contains the Company's audited consolidated financial statements, with the Securities and Exchange Commission (the "SEC") on April 29 2024. The annual report on Form 20-F can be accessed and downloaded from the SEC's website at www.sec.gov or through the investor relations section of the Company's website at https://www.dqsolar.com/. Holders of the Company's securities may request a
SHANGHAI, Oct. 30, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 43,592 MT in Q3 2024, compared to 64,961 MT in Q2 2024Polysilicon sales volume was 42,101 MT in Q3 2024, compared to 43,082 MT in Q2 2024Polysilicon average total production cost(1) was $6.61/kg in Q3 2024 compared to $6.19/kg in Q2 2024Polysilicon average cash cost(1) was $5.34/kg in Q3 2024, compared to $5.39/kg in Q2 2024Polysi
SHANGHAI, Oct. 15, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the third quarter of 2024 ended September 30, 2024 before U.S. markets open on Wednesday, October 30, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on October 30, 2024 (8:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982Participant international dial in:
SHANGHAI, Aug. 26, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 64,961 MT in Q2 2024, compared to 62,278 MT in Q1 2024Polysilicon sales volume was 43,082 MT in Q2 2024 compared to 53,987 MT in Q1 2024Polysilicon average total production cost(1) was $6.19/kg in Q2 2024 compared to $6.37/kg in Q1 2024Polysilicon average cash cost(1) was $5.39/kg in Q2 2024, compared to $5.61/kg in Q1 2024Polys
SHANGHAI, Aug. 12, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the second quarter of 2024 ended June 30, 2024 before U.S. markets open on Monday, August 26, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 26, 2024 (8:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982 Participant international dial in: +1-412-9
SHANGHAI, April 29, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 62,278 MT in Q1 2024, compared to 61,014 MT in Q4 2023Polysilicon sales volume was 53,987 MT in Q1 2024 compared to 59,906 MT in Q4 2023Polysilicon average total production cost(1) was $6.37/kg in Q1 2024 compared to $6.50/kg in Q4 2023Polysilicon average cash cost(1) was $5.61/kg in Q1 2024, compared to $5.72/kg in Q4 2023Polysi
SHANGHAI, April 16, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the first quarter of 2024 ended March 31, 2024 before U.S. markets open on Monday, April 29, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on April 29, 2024 (8:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982 Participant international dial in: +1-412-90
SHANGHAI, April 1, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary Xinjiang Daqo's board of directors has approved its cash dividend plan for 2023 and has proposed it to Xinjiang Daqo's annual shareholders' meeting for approval. For the year ended December 31, 2023, the net profit attributable to Xinjiang Daqo's shareholders was RMB 5,762,696,246. Xinjiang Daqo's board of directors has approved the payment of a cash dividend to Xinjiang Daqo's shareholders (including Daqo New Energy) in the aggregate amount of RMB 893,308,29
SHANGHAI, Feb. 28, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the fourth quarter and fiscal year of 2023. Fourth Quarter 2023 Financial and Operating Highlights Polysilicon production volume was 61,014 MT in Q4 2023, compared to 57,664 MT in Q3 2023Polysilicon sales volume was 59,906 MT in Q4 2023, compared to 63,263 MT in Q3 2023Polysilicon average total production cost(1) was $6.50/kg in Q4 2023, compared to $6.52/kg in Q3 2023Polysilicon average cash cost(1) was $5.72/kg in Q4 2023, compared to $5.67/
SHANGHAI, Feb. 20, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for the fourth quarter and fiscal year of 2023 ended December 31, 2023 before U.S. markets open on Wednesday, February 28, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on February 28, 2024 (9:00 PM Beijing / Hong Kong time on the same day). The dial-in details for the earnings conference call are as follows: Participant dial in (U.S. toll free): +1-888-346-8982 Participant inte
SHANGHAI, Aug. 3, 2023 /PRNewswire/ -- Daqo New Energy Corp. (NYSE:DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter of 2023. Second Quarter 2023 Financial and Operating Highlights Polysilicon production volume was 45,306 MT in Q2 2023, compared to 33,848 MT in Q1 2023Polysilicon sales volume was 51,550 MT in Q2 2023, compared to 25,284 MT in Q1 2023Polysilicon average total production cost(1) was $6.92/kg in Q2 2023, compared to $7.55/kg in Q1 2023Polysilicon average cash cost(1) was $6.05/kg in Q2 2023, compared to $6.61/kg in Q1 2023Polys
Daiwa Securities upgraded Daqo New Energy from Neutral to Outperform
HSBC Securities upgraded Daqo New Energy from Hold to Buy
HSBC Securities upgraded Daqo New Energy from Reduce to Hold and set a new price target of $15.00
Goldman initiated coverage of Daqo New Energy with a rating of Buy
HSBC Securities downgraded Daqo New Energy from Hold to Reduce and set a new price target of $17.50 from $23.50 previously
Daiwa Securities downgraded Daqo New Energy from Outperform to Neutral and set a new price target of $32.00 from $45.00 previously
Nomura upgraded Daqo New Energy from Neutral to Buy and set a new price target of $45.00
Daiwa Securities upgraded Daqo New Energy from Neutral to Outperform
Goldman downgraded Daqo New Energy from Buy to Neutral and set a new price target of $70.00 from $140.00 previously
Daiwa Securities downgraded Daqo New Energy from Outperform to Neutral