Company Performance - Daqo New Energy reported a quarterly loss of $0.92 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.80, and a significant decline from a loss of $0.09 per share a year ago, indicating an earnings surprise of -15% [1] - The company posted revenues of $198.5 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.20%, but this represents a decline from year-ago revenues of $484.84 million [2] - Daqo has not surpassed consensus EPS estimates over the last four quarters and has topped consensus revenue estimates only once during the same period [2] Stock Outlook - Daqo shares have underperformed the market, losing about 15.4% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$1.05 on revenues of $194.7 million, and -$3.46 on revenues of $1.11 billion for the current fiscal year [7] - The current Zacks Rank for Daqo is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Chemical - Specialty industry, to which Daqo belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could influence investor sentiment [5]

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 ...

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 2024 Polysilicon sales volume was 42,101 MT in Q3 2024, compared to 43,082 MT in Q2 2024 Polys ...

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 / Hon ...

Can stimulus save the Chinese economy?There has been great news for companies based in China, and the EV and renewable energy sector reacted strongly this week. According to data provided by S&P Global Market Intelligence, Li Auto (LI 0.80%) jumped as much as 14.9% in trading this week, Zeekr Intelligent Technology (ZK -2.95%) rose 30.3%, and Daqo New Energy (DQ 7.86%) jumped 19.8%.Not only have the Chinese stimulus plans been a tailwind, Li and Zeekr also announced their deliveries for September 2024, and ...

Shares of Daqo New Energy Corp (DQ, Financial) surged 5.75% in mid-day trading on Oct 2. The stock reached an intraday high of $22.42, before settling at $21.90, up from its previous close of $20.71. This places DQ 27.07% below its 52-week high of $30.03 and 60.79% above its 52-week low of $13.62. Trading volume was 2,378,579 shares, 304.5% of the average daily volume of 781,031.Wall Street Analysts ForecastBased on the one-year price targets offered by 11 analysts, the average target price for Daqo New Ene ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Bjoern Wylezich Introduction Daqo New Energy (NYSE:DQ) recently reported Q2 earnings, so I thought I would go through the numbers and give some comments on the outlook and what I am doing with my position. Overall, I am not convinced that the worst is behind right now, but my opinion of the company hasn't changed. I still think DQ will be the player to come out on top as soon as things start to turn around, but I am not adding more to my position just yet. The last time I covered the company, I downgraded i ...

Daqo New Energy Corp. (NYSE:DQ) Q2 2024 Earnings Conference Call August 26, 2024 8:00 AM ET Company Participants Anita Chu - Investor Relations Director Xiang Xu - Chief Executive Officer Ming Yang - Chief Financial Officer Conference Call Participants Matt Ingraham - ROTH Capital Partners Alan Lau - Jefferies Rajiv Chaudhri - Sunsara Capital Operator Hello, and welcome to the Daqo New Energy Second Quarter 2024 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] P ...

Daqo New Energy (DQ) came out with a quarterly loss of $1.81 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -654.17%. A quarter ago, it was expected that this solar panel parts maker would post earnings of $0.56 per share when it actually produced earnings of $0.24, delivering a surprise of -57.14%.Over the last four quarters, ...