A number of firms have modified their ratings and price targets on shares of DAQO New Energy Corp. (NYSE: DQ) recently:

  • 9/6/2017 – DAQO New Energy Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “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. “
  • 9/5/2017 – DAQO New Energy Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. “
  • 9/1/2017 – DAQO New Energy Corp. was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/31/2017 – DAQO New Energy Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “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. “
  • 8/20/2017 – DAQO New Energy Corp. was given a new $35.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/14/2017 – DAQO New Energy Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. “
  • 7/24/2017 – DAQO New Energy Corp. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – DAQO New Energy Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “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. “

Shares of DAQO New Energy Corp. (NYSE DQ) opened at 25.96 on Thursday. DAQO New Energy Corp. has a 12-month low of $18.01 and a 12-month high of $30.80. The company has a market cap of $273.33 million, a P/E ratio of 5.42 and a beta of 1.79. The firm has a 50-day moving average of $25.66 and a 200-day moving average of $22.21.

DAQO New Energy Corp. (NYSE:DQ) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.19). DAQO New Energy Corp. had a return on equity of 18.90% and a net margin of 19.35%. The company had revenue of $76.00 million for the quarter, compared to analysts’ expectations of $71.80 million. During the same quarter last year, the business posted $1.87 EPS. Analysts predict that DAQO New Energy Corp. will post $6.13 EPS for the current year.

Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.

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