Daqo New Energy

Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Daqo New Energy (DQ) excels in 2022, poised for growth

Daqo New Energy delivered exceptional financial performance in 2022, driven by record polysilicon production and sales.
The company's strategic strengths lie in its market positioning, capacity expansion projects, and commitment to shareholder value.
Challenges include regulatory investigations, cost management, and balancing growth investments with shareholder returns.
Opportunities for Daqo New Energy include project completions, cost reductions, undervalued shares, and global market growth.

Daqo New Energy (DQ) reports robust Q1 earnings and growth outlook

Daqo New Energy (DQ) showcased solid operational and financial performance in Q1 2023, with a focus on expanding production capacity and enhancing shareholder value through share repurchases and dividends.
While facing challenges related to market dynamics and production constraints, the company's strategic focus on high-quality polysilicon and efficient operations positions it well to capitalize on growth opportunities in the solar PV industry.
Management's prudent financial management, strong margins, and strategic initiatives underscore Daqo New Energy's (DQ) resilience and potential for sustained growth in the evolving renewable energy market.

Daqo New Energy excels in Q2 amidst polysilicon industry challenges

Daqo New Energy's Q2 2023 performance reflects operational strength and resilience amidst industry challenges, with a focus on high-purity polysilicon production.
The company's financial stability, production scalability, and strategic positioning in the solar PV market present opportunities for growth and differentiation.
While facing pricing pressures and short-term cash flow challenges, Daqo remains committed to executing its share buyback program and enhancing operational efficiency.

Daqo New Energy reports strong Q3 performance amidst market challenges

Daqo New Energy (DQ) delivered a solid performance in Q3 2023, with strong production growth and financial stability.
While facing challenges such as grid issues and increased expenses, the company is well-positioned to leverage opportunities in the renewable energy market.
With a focus on cost management, quality, and shareholder value enhancement, Daqo New Energy remains optimistic about its future prospects.
Investors should monitor the company's operational efficiency, market dynamics, and strategic initiatives for long-term growth potential.

Daqo New Energy reports robust 2023 earnings amidst market opportunities

Daqo New Energy delivered strong financial performance in 2023, showcasing growth in production volume and robust revenue figures despite market challenges.
The company's strategic focus on N-type products, cost reduction through AI integration, and prudent financial management position it well for future opportunities.
While facing challenges such as fluctuating poly prices and capital allocation decisions, Daqo New Energy remains resilient and poised to capitalize on market trends.

Daqo New Energy (DQ) reports strong Q1 performance amidst market challenges

Daqo New Energy (DQ) demonstrated solid operational performance and financial strength in Q1 2024, despite facing revenue and margin challenges.
The company's prudent capital management and focus on production volume position it well for future growth opportunities.
Insights on market conditions and industry challenges underscore the company's proactive approach to navigating the evolving landscape.

Daqo New Energy reports Q2 losses, maintains resilience amid challenges

Daqo New Energy faced financial challenges in Q2 2024 due to inventory impairment, resulting in significant losses, but maintained strong liquidity and operational efficiency.
The company's adaptability in adjusting production targets and focus on N-type product mix improvements demonstrate resilience amidst industry headwinds.
While navigating operational and financial hurdles, Daqo New Energy has opportunities to optimize strategies, align operations with market dynamics, and drive sustainable growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Daqo New Energy faces short-term challenges due to a sharp decline in polysilicon prices, impacting revenue and profitability in FY24. Despite current market conditions, DQ's strong balance sheet and projected long-term demand growth for solar panels support a "buy" rating. Polysilicon prices are expected to recover by H2 FY25, driven by market consolidation and improved supply-demand balance.

Daqo New Energy: Deeply Undervalued Amid Short-Term Challenges

SHANGHAI , Nov. 12, 2024 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the "AGM") at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No. 838, Zhangyang Road, Pudong District, Shanghai 200122, People's Republic of China on December 10, 2024 at 10:00 AM (Beijing time).

Daqo New Energy Corp. to Hold Annual General Meeting on December 10, 2024

Daqo New Energy Corp. (NYSE:DQ ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Anita Chu - Deputy 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 Third Quarter 2024 Results Conference Call. All participants will be in listen-only mode.

Daqo New Energy Corp. (DQ) Q3 2024 Earnings Call Transcript

Daqo New Energy (DQ) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $0.80. This compares to loss of $0.09 per share a year ago.

Daqo New Energy (DQ) Reports Q3 Loss, Tops Revenue Estimates

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 Polysilicon average total production cost(1) was $6.61/kg in Q3 2024 compared to $6.19/kg in Q2 2024 Polysilicon average cash cost(1) was $5.34/kg in Q3 2024, compared to $5.39/kg in Q2 2024 Polysilicon average selling price (ASP) was $4.69/kg in Q3 2024, compared to $5.12/kg in Q2 2024 Revenue was $198.5 million in Q3 2024, compared to $219.9 million in Q2 2024 Gross loss was $60.6 million in Q3 2024, compared to $159.2 million in Q2 2024.

Daqo New Energy Announces Unaudited Third Quarter 2024 Results

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.

Daqo New Energy Promotes Xiaoyu Xu as Deputy Chief Executive Officer

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 / Hong Kong time on the same day).

Daqo New Energy to Announce Unaudited Results for the Third Quarter of 2024 on October 30, 2024

FactSet Research Systems

Blackstone Group

Virpax Pharmaceuticals

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This FactSet Research Analyst Turns Bearish; Here Are Top 4 Downgrades For Wednesday

Li Auto Inc.

ZEEKR Intelligent Technology Holding Ltd

Chinese EV and Solar Stocks Soared This Week

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.

Daqo New Energy Corp (DQ) Shares Up 5.75% on Oct 2

DQ remains a compelling Buy due to its robust balance sheet, allowing it to weather the near-term market consolidation in H2'24. At the same time, the management's lowered capacity output and capex guidance already position it for near-term recovery and cash preservation. If anything, its partner, Longi, already highlights robust growth in the APAC region with "smooth customs clearance for shipments to the North American region."

Daqo New Energy: The Bottom May Be Behind Us - Promising Market Trends Ahead

JinkoSolar Holding

The U.S. added a record-breaking 32.4 gigawatts of solar electric generating capacity in 2023, evidence of the continued growth of the renewable energy industry thanks to strong customer demand, supportive government policies, and rapid advances in solar technology. A long-term shift in the energy sector toward decarbonization through green energy sources is well underway and likely to continue for years to come.

The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?

Daqo New Energy's Q2 results showed a significant decline in sales and EPS, with polysilicon prices falling below production costs. The company expects lower production due to tough market conditions but maintains a strong financial position. Despite the current downturn, I believe DQ will emerge stronger, though I'm not adding to my position yet due to ongoing price uncertainties.

Daqo New Energy: Q2 Shows Further Price Drops, I'm Staying Put

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 0.1% on Monday.

Crude Oil Rises Sharply; Daqo New Energy Reports Weak Q2 Results

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.

Daqo New Energy Corp. (DQ) Q2 2024 Earnings Call Transcript

Daqo New Energy (NYSE: DQ ) just reported results for the second quarter of 2024. Daqo New Energy reported earnings per share of -$1.50.

DQ Stock Earnings: Daqo New Energy Misses EPS, Misses Revenue for Q2 2024

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.

Daqo New Energy (DQ) Reports Q2 Loss, Misses Revenue Estimates

Pinduoduo Inc - ADR

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.

PDD Holdings, Daqo New Energy And Other Big Stocks Moving Lower In Monday's Pre-Market Session

SHANGHAI , Aug. 26, 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 second quarter of 2024. Second Quarter 2024 Financial and Operating Highlights Polysilicon production volume was 64,961 MT in Q2 2024, compared to 62,278 MT in Q1 2024 Polysilicon sales volume was 43,082 MT in Q2 2024 compared to 53,987 MT in Q1 2024 Polysilicon average total production cost (1) was $6.19/kg in Q2 2024 compared to $6.37/kg in Q1 2024 Polysilicon average cash cost(1) was $5.39/kg in Q2 2024, compared to $5.61/kg in Q1 2024 Polysilicon average selling price (ASP) was $5.12/kg in Q2 2024, compared to $7.66/kg in Q1 2024 Revenue was $219.9 million in Q2 2024, compared to $415.3 million in Q1 2024 Gross loss was $159.2 million in Q2 2024, compared to gross profit of $72.1 million in Q1 2024.

Daqo New Energy Announces Unaudited Second Quarter 2024 Results

SHANGHAI , Aug. 12, 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 second quarter of 2024 ended June 30, 2024 before U.S. markets open on Monday, August 26, 2024. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 26, 2024 (8:00 PM Beijing / Hong Kong time on the same day).

Daqo New Energy to Announce Unaudited Results for the Second Quarter of 2024 on August 26, 2024

Daqo (DQ) announced a $100-million share repurchase program, demonstrating optimism in its business development and commitment to shareholder value amid industry challenges.

Daqo New Energy (DQ) Unveils $100M Share Repurchase Program

SHANGHAI , July 22, 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 board of directors has approved a US$100 million share repurchase program, effective today through June 30, 2025. The board of directors has authorized Daqo New Energy to repurchase up to US$100 million worth of its own issued and outstanding ordinary shares or American depositary shares ("ADSs") representing ordinary shares in open-market purchases, in negotiated transactions off the market, in block trades or through other legally permissible means in accordance with applicable United States securities laws.

Daqo New Energy Announces $100 Million Share Repurchase Program

SHANGHAI , July 17, 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 has provided an update on its litigation event.   In January 2024, Xinjiang Daqo received a court notice relating to a contract dispute lawsuit filed against it by Xinjiang Xian'an New Materials Co., Ltd.

Daqo New Energy's Subsidiary Xinjiang Daqo Provides Latest Update on its Litigation Event

Market sentiments surrounding solar stocks remain pessimistic, thanks to the ongoing polysilicon supply glut, stalling electrification story, and solar trade bans. The ongoing US election campaign does not help as well, since President Trump has "said he'll dismantle the Inflation Reduction Act, which includes an estimated $370 billion for clean energy." Even so, it is undeniable that solar PVS will comprise the lion's share of the global renewable energy capacity additions through 2028 (either in base or accelerated case).

Daqo New Energy: Oversold Status Triggers Compelling Value And Growth Story

Inotiv, Inc.

Symbotic Inc

In the current volatile market, breakout stocks with sound growth potential are most important for those investors looking to maximize returns. The list includes three such standout companies that can deliver substantial gains.

News for Daqo New Energy Stock (DQ)