Daqo (DQ) Soars 6.1%: Is Further Upside Left in the Stock?

Company Overview - Daqo New Energy (DQ) shares increased by 6.1% to $14.56, following a significant trading volume, despite a 25.8% loss over the past four weeks [1] - The stock's surge was attributed to a broad-based rally initiated by President Trump's announcement of a 90-day suspension of reciprocal tariffs for most countries [1] Financial Performance - Daqo is projected to report a quarterly loss of $1.02 per share, reflecting a year-over-year decline of 525% [2] - Expected revenues for Daqo are $194 million, which is a decrease of 53.3% compared to the same quarter last year [2] Earnings Estimates and Stock Movement - The consensus EPS estimate for Daqo has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - Daqo currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Comparison - Daqo operates within the Zacks Chemical - Specialty industry, where another company, Ashland (ASH), saw an 11.2% increase in its stock price to $51.75, despite an 18.8% decline over the past month [3] - Ashland's consensus EPS estimate has decreased by 0.5% over the past month to $1.14, representing a 10.2% decline from the previous year [4] - Ashland currently has a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to Daqo [4]