In the latest market close, Daqo New Energy (DQ) reached $22.29, with a +0.81% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.87%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq increased by 1.11%.The the stock of solar panel parts maker has fallen by 19.51% in the past month, lagging the Basic Materials sector's loss of 0.08% and the S&P 500's loss of 3.97%.The investment community will be closely monitoring ...

grandriver/E+ via Getty Images We previously covered Daqo New Energy (NYSE:NYSE:DQ) in December 2023, discussing why we maintained our Hold rating on the stock, with China's accelerating solar panel installation likely to be negated by the stalling demand in the US and EU over the next few quarters. While the stock might be rerated closer to its book value, we believed that there might be more pain in the near-to-intermediate term, due to the increasingly imbalanced global supply/ demand picture through ...

abriendomundo/iStock via Getty Images Daqo New Energy (NYSE:DQ) is the holding company of one of the world's largest polysilicon manufacturers, Xinjiang Daqo, which is listed as a subsidiary of Daqo on the Shanghai Stock Exchange via A-shares. Thesis The investment thesis is very simple. Daqo New Energy currently holds around 72.68% of the Chinese subsidiary Xinjiang Daqo, which currently has a market capitalization of around 8.05 billion and is listed on the Shanghai Stock Exchange. The stake in the su ...

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 5,762,6 ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 28:Xerox Holdings Corporation (XRX) : This workplace technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days.Xerox Holdings Corp has a price-to-earnings ratio (P/E) of 7.77 compared with 12.20 for the industry. The company possesses a Value Score of A.Reynolds Consumer Products Inc. (REYN) : This ho ...

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Daqo New Energy (DQ) shares soared 6.4% in the last trading session to close at $25.86. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.3% gain over the past four weeks.Optimism over strong customer demand for polysilicon seemed to have driven the stock higher. The company is benefiting from strong demand for its high-quality N-type polysilicon despite headwinds from lower polysilicon selling prices. Its energy efficiency effo ...

Financial Data and Key Metrics Changes - In 2023, the company achieved a polysilicon production volume of 197,831 metric tons, a 47.8% year-over-year increase from 133,812 metric tons in 2022 [7] - Revenue for 2023 was $2.3 billion, down from $4.6 billion in 2022, primarily due to lower average selling prices (ASPs) [8][20] - Gross margin for 2023 was 39.9%, compared to 74% in 2022, reflecting the impact of lower ASPs [20][22] - The company generated approximately $1.6 billion in operating cash flow for the year and maintained a cash balance of $3 billion by year-end [8][22] Business Line Data and Key Metrics Changes - The company sold 200,002 metric tons of polysilicon in 2023, a 50% increase from 132,909 metric tons in 2022 [7] - In Q4 2023, the total production volume was 61,014 metric tons, an increase of 3,350 metric tons compared to the previous quarter [8] - ASP for Q4 was $7.90 per kilogram, up 3.8% from Q3 2023 [16] Market Data and Key Metrics Changes - The global solar market saw record installation volumes in 2023, with China's new solar PV capacity reaching 216.88 gigawatts, a 148% year-over-year growth [13] - N-type poly prices are expected to rebound slightly in Q1 2024, with forecasts of RMB70 to RMB73 per kilogram for N-type and around RMB65 for P-type [27][30] - The company anticipates that the market transition to N-type products will accelerate, driven by higher price premiums [14] Company Strategy and Development Direction - The company plans to begin initial production at its new Inner Mongolia 5B facility in Q2 2024, with full-year 2024 production volume expected to be approximately 280,000 to 300,000 metric tons [10] - The company aims to enhance its competitive advantage by optimizing its cost structure through digital transformation and increasing the proportion of N-type in its product mix [15][14] Management Comments on Operating Environment and Future Outlook - Management noted that 2023 was a year of unforeseen developments in the solar industry, with record low prices at the end of the year despite robust demand growth [7] - The company expects a slight rebound in poly prices in Q1 2024, followed by stabilization in Q2 [12][27] - Management expressed confidence in the company's operations and cash flow, while remaining cautious about market dynamics [34] Other Important Information - The company maintained a healthy balance sheet with no financial debt and a combined cash and bank notes receivable balance of $3.2 billion [8][22] - SG&A expenses for 2023 were $213 million, down from $354 million in 2022, primarily due to reduced non-cash share-based compensation costs [21] Q&A Session Summary Question: What is the outlook for poly prices in Q1 and Q2? - Management expects N-type prices to range between RMB70 to RMB73 per kilogram in Q1, with potential for N-type to rebound to RMB80 in the second half of 2024 [27][30] Question: What are the dynamics affecting price expansion? - Current market demand is relatively low, with module production utilization at 60% to 70%, leading to improved pricing from December levels [29][30] Question: Is there a plan for a new buyback program? - The board is considering a share repurchase plan contingent upon the A-share dividend plan, with discussions ongoing [34][40] Question: What is the CapEx plan for 2024? - The CapEx budget for 2024 is estimated to be around RMB8 billion to RMB9 billion, primarily for ongoing projects in Inner Mongolia [38] Question: How will power tariff hikes affect production costs? - The company does not expect significant impacts on production costs due to favorable electricity agreements in Xinjiang and Inner Mongolia [44]

Daqo New Energy (DQ) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $4.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.81%. A quarter ago, it was expected that this solar panel parts maker would post earnings of $1.70 per share when it actually produced a loss of $0.09, delivering a surprise of -105.29%.Over the last four quarter ...

February 28, 2024 Q4 and Fiscal Year 2023 Results Presentation Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “guidance” and similar statements. Among other things, the outlook for the first quart ...