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

Altus Power

Enphase Energy

First Solar

JinkoSolar Holding

Sunnova Energy International Inc

SolarEdge Technologies

With its boundless potential, solar power remains at the forefront of renewable energy sources, tapping into the sun's infinite reserves to illuminate homes, electrify businesses, and drive our vehicles forward. Aside from the obvious benefits, solar power shines in its capacity to spark economic growth and job creation.

The 7 Best Solar Stocks to Buy Now: September 2023

SHANGHAI , Sept. 5, 2023 /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 provided an update on its USD$700 million share repurchase program that was announced on November 7, 2022.

Daqo New Energy Provides Update on its USD$700 Million Share Repurchase Program

Array Technologies

Shoals Technologies Group

Sunworks

Industry analysts have predicted future solar stock winners for decades, but the cost of solar has always been a double-edged sword. The issue was that the cost per megawatt-hour was simply too high.

7 Up-and-Coming Solar Stocks to Put on Your Must-Buy List

NEW YORK , Aug. 28, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Daqo New Energy Corp. (NYSE: DQ) resulting from allegations that Daqo New Energy may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Daqo New Energy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Daqo New Energy Corp. Investors to Inquire About Securities Class Action Investigation - DQ

Xinjiang Daqo, a subsidiary of Daqo New Energy (DQ), announces a share repurchase program to buy back issued shares worth RMB 200-400 million.

Daqo New Energy (DQ) Unit Approves Share Buyback Program

Alibaba

Momo

TAL Education Group

Vipshop Hlds

Yum China Hlds

The journey hasn't been without its hurdles, but amidst these dynamics, the quest for the best Chinese stocks leads to a surprising revelation. China, often viewed as the economic dynamo of the East, has been grappling with myriad challenges in the past couple of years.

These Are the ONLY 7 Chinese Stocks to Consider in August 2023

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Daqo New Energy Corp. ("Daqo" or "the Company") (NYSE:DQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Daqo New Energy Corp. and Encourages Investors with Losses to Contact the Firm

SHANGHAI , Aug. 22, 2023 /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 the board of directors (the "Board") of its subsidiary Xinjiang Daqo New Energy Co., Ltd. ("Xinjiang Daqo") has approved a share repurchase program authorizing Xinjiang Daqo to repurchase RMB200 million to RMB400 million worth of its issued and outstanding shares by means of centralized bidding transactions, effective until August 22, 2024.

Daqo New Energy's Subsidiary Xinjiang Daqo Announced its Share Repurchase Program for 2023

LOS ANGELES, CA / ACCESSWIRE / August 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Daqo New Energy Corp. ("Daqo" or "the Company") (NYSE:DQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Daqo New Energy Corp. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Daqo New Energy Corp. ("Daqo" or "the Company") (NYSE:DQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Daqo New Energy Corp. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm

SHANGHAI , Aug. 10, 2023 /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 published its 2022 Environmental, Social and Governance (ESG) report.  The 2022 ESG report particularly highlights the Company's efforts with respect to corporate governance, innovation and R&D, employee rights protection, environmental sustainability and emission control, as well as social responsibility.

Daqo New Energy Issues Its 2022 Environmental, Social and Governance (ESG) Report

LOS ANGELES, CA / ACCESSWIRE / August 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Daqo New Energy Corp. ("Daqo" or "the Company") (NYSE:DQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Daqo New Energy Corp. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 5, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Daqo New Energy Corp. ("Daqo" or "the Company") (NYSE: DQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Daqo New Energy Corp. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Daqo New Energy Corp. (NYSE: DQ) resulting from allegations that Daqo New Energy may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Daqo New Energy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fe.

DQ INVESTOR NEWS: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Daqo New Energy Corp. Investors With Losses to Inquire About Securities Class Action Investigation – DQ

Daqo New Energy Corporation (NYSE:DQ ) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Longgen Zhang - CEO & Director Ming Yang - CFO Conference Call Participants Philip Shen - ROTH MKM Partners Alan Lau - Jefferies Ji Chao - Goldman Sachs Group Operator Good day, and welcome to the Daqo New Energy Second Quarter 2023 Results Conference Call. [Operator Instructions].

Daqo New Energy Corporation (DQ) Q2 2023 Earnings Call Transcript

Daqo New Energy (DQ) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $5.79 per share. This compares to earnings of $8.18 per share a year ago.

Daqo New Energy (DQ) Q2 Earnings and Revenues Lag Estimates

SHANGHAI , Aug. 3, 2023 /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 Chairman and Founder, Mr. Guangfu Xu, will step down from his position as Chairman of the Board of Directors (the "Board), effective immediately, but will remain as a director on the Board.

Daqo New Energy Announces Leadership Changes

SHANGHAI , Aug. 3, 2023 /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 2023. Second Quarter 2023 Financial and Operating Highlights Polysilicon production volume was 45,306 MT in Q2 2023, compared to 33,848 MT in Q1 2023 Polysilicon sales volume was 51,550 MT in Q2 2023, compared to 25,284 MT in Q1 2023 Polysilicon average total production cost(1) was $6.92/kg in Q2 2023, compared to $7.55/kg in Q1 2023 Polysilicon average cash cost(1) was $6.05/kg in Q2 2023, compared to $6.61/kg in Q1 2023 Polysilicon average selling price (ASP) was $12.33/kg in Q2 2023, compared to $27.83/kg in Q1 2023 Revenue was $636.7 million in Q2 2023, compared to $709.8 million in Q1 2023 Gross profit was $258.9 million in Q2 2023, compared to $506.7 million in Q1 2023.

Daqo New Energy Announces Unaudited Second Quarter 2023 Results

DQ is currently trading at a large discount to its intrinsic value. Relative to its peers DQ is severely underpriced. DQ's revenue growth has been impressive since 2018 and even if profits fall DQ will be severely undervalued.

DQ Is A Deep Value Opportunity Before Earnings

SHANGHAI , July 28, 2023 /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 Mr. Guoqing Chen as an independent director of the Company, effective on July 28, 2023.

Daqo New Energy Announces Appointment of Independent Director

Daqo New Energy stock has been under pressure due to falling polysilicon prices, but the company's strong balance sheet and high-profit margins suggest it is well-positioned for recovery. Despite a drop in polysilicon prices, the Company's Q2 earnings are expected to remain highly profitable, with the potential for significant revenue and earnings growth. DQ's strong balance sheet, high free cash flow yield, and ongoing share buyback program make it a strong buy despite current market conditions.

Daqo New Energy: Still Highly Profitable After Polysilicon Prices Slump

Daqo New Energy's market cap is $1 billion lower than its outstanding net cash position, despite strong profitability and expansion plans. Despite a 45% YoY decrease in revenue in Q1 2022 due to soft demand and limited supply, the company expects Q2 revenue to bounce back and remain flat YoY, with an increase in polysilicon production. Despite high concentration and political risks, the company's strong financial performance and low valuation, together with favorable secular shifts, make it a compelling investment opportunity.

Daqo New Energy: Valuation Is Ridiculous

SHANGHAI , July 19, 2023 /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 2023 ended June 30, 2023 before U.S. markets open on Thursday, August 3, 2023. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on August 3, 2023 (8:00 PM Beijing / Hong Kong time on the same day).

Daqo New Energy to Announce Unaudited Results for the Second Quarter of 2023 on August 3, 2023

DecisionPoint Systems

Ebix

Gigacloud Tech

Himax Tech

Kingsoft Cloud Holdings

Ultra Clean

Millionaire maker tech stocks boils down to one central theme: banking on the inevitable growth of the broad innovation space for potentially significant, even lifechanging returns. Of course, there's a huge difference between selecting the right sector versus picking the right individual securities.

7 Tech Stocks to Catapult You into the Millionaires' Club

Despite experiencing a decline in 2022, solar stocks continue to hold immense promise and potential as an explosive sector in the financial market. As such, investors should closely monitor these stocks, as companies in the solar industry are projected to play a significantly larger role in global energy production in the future.

News for Daqo New Energy Stock (DQ)