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 2023 Polysilicon sales volume was 53,987 MT in Q1 2024 compared to 59,906 MT in Q4 2023 Poly ...

Daqo New Energy Corp. (DQ) is slated to release first-quarter 2024 results before the opening bell on Apr 29.This leading producer of high-purity polysilicon missed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered a negative earnings surprise of 58.7%, on average. It delivered a negative earnings surprise of 23.8% in the last reported quarter. The company is likely to have gained from higher prices, healthy demand for polysilicon and actions to ...

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 ...

Daqo New Energy Corp. (NYSE:DQ) Q4 2023 Earnings Conference Call February 28, 2024 8:00 AM ET Company Participants Anita Zhu - Investor Relations Xiang Xu - Chairman and Chief Executive Officer Ming Yang - Chief Financial Officer Conference Call Participants Philip Shen - Roth MKM Alan Lau - Jefferies Operator Good day, and welcome to the Daqo New Energy Fourth Quarter and Fiscal Year 2023 Results Conference Call. All participants will be in the listen-only mode. [Operator Instructions] After today's presen ...