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

First Solar

SolarEdge Technologies

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.

Wall Street sets bullish 1-year price targets for FSLR, DQ, SEDG solar stocks

SHANGHAI , June 15, 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 its new Phase 5A polysilicon 100,000 MT production facility in Baotou city, Inner Mongolia, has reached full production capacity. With the addition of Phase 5A, the Company's total annual nameplate production capacity has expanded to 205,000 MT.

Daqo New Energy's New Phase 5A Facility in Inner Mongolia Reaches Full Production Capacity

DQ offers an attractive risk-reward ratio here, since the stock remains well-supported at these levels since October 2020. The IRA domestic content tax credit clarity may also boost the polysilicon's lower ASPs while consuming the oversupply from China. Combined with the Mongolia plant potentially side-stepping the Xinjiang trade ban, we may see DQ's top and bottom lines improve from FQ2'23 onwards.

Daqo New Energy: IRA Domestic Content Clarity Could Provide A Boost

Polysilicon prices are on a downward trend due to a shortage in quartz supply to manufacture silicon wafers. Daqo New Energy's business remains strong, with solid EBITDA margins of 69% in Q1.

Daqo New Energy: Underappreciated, Despite Strong Business And Undervaluation

Shares of Daqo New Energy NYSE: DQ closed Thursday's trading session by 3.75% after reporting its first quarterly earnings for 2023, along with filing its official annual report for 2022 via form 20-F with the SEC. Now that more institutional money managers and investors like Fidelity and Templeton are increasing their positions in Daqo, investors are beginning to take notice and deep dive into the business fundamentals and the massive growth it has displayed over the years.

Daqo New Energy Is a Budding Chinese Value Play

Daqo New Energy Corp. (DQ) Q1 2023 Earnings Call Transcript.

Daqo New Energy Corp. (DQ) Q1 2023 Earnings Call Transcript

SHANGHAI, China , April 27, 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 it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, which contains the Company's audited consolidated financial statements, with the Securities and Exchange Commission (the "SEC") on April 27, 2023. The annual report on Form 20-F can be accessed and downloaded from the SEC's website at www.sec.gov or through the investor relations section of the Company's website at http://ir.xjdqsolar.com/.

Daqo New Energy Files Annual Report on Form 20-F for Fiscal Year 2022

SHANGHAI , April 27, 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 first quarter of 2023. First Quarter 2023 Financial and Operating Highlights Polysilicon production volume was 33,848 MT in Q1 2023, compared to 33,702 MT in Q4 2022 Polysilicon sales volume was 25,284 MT in Q1 2023, compared to 23,400 MT in Q4 2022 Polysilicon average total production cost(1) was $7.55/kg in Q1 2023, compared to $7.69/kg in Q4 2022 Polysilicon average cash cost(1) was $6.61/kg in Q1 2023, compared to $6.78/kg in Q4 2022 Polysilicon average selling price (ASP) was $27.83/kg in Q1 2023, compared to $37.41/kg in Q4 2022 Revenue was $709.8 million in Q1 2023, compared to $864.3 million in Q4 2022 Gross profit was $506.7 million in Q1 2023, compared to $668.9 million in Q4 2022.

Daqo New Energy Announces Unaudited First Quarter 2023 Results

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 first quarter of 2023 ended March 31, 2023 before U.S. markets open on Thursday, April 27, 2023.

Daqo New Energy to Announce Unaudited Results for the First Quarter of 2023 on April, 27, 2023

Enlight Renewable Energy Ltd

Enphase Energy

Enviva Partners

NextEra Energy

Plug Power

The concept of renewable energy stocks to buy essentially offers a two-fer: obviously, you support go-green initiatives and second, you can potentially profit from your altruism. According to Allied Market Research, the global renewable energy market reached a valuation of $881.7 billion in 2020.

7 Renewable Energy Stocks to Buy for 100% Returns

Increasing the share of electricity produced from solar energy is a critical goal in combating the effects of global climate change. Consequently, solar businesses have been experiencing rampant sales growth, and the worldwide market is expected to grow roughly 7% annually until 2030.

3 Solar Stocks That Will Shine Bright in 2023

Cellebrite DI Ltd

Hackett Group

Immersion

Kulicke & Soffa Industries

Silicon Motion Technology

Super Micro Computer

At first glance, the concept of tech stocks to buy might seem exceptionally risky at this juncture. After all, the market continues to digest the bank runs and failures of two major financial institutions.

7 Tech Stocks to Buy for the Next Decade

SHANGHAI , March 15, 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 its subsidiary Xinjiang Daqo's board of directors had approved its cash dividend plan for 2022 and proposed it to Xinjiang Daqo's annual shareholders' meeting for approval on April 8, 2023. For the year ended December 31, 2022, the net profit attributable to Xinjiang Daqo's shareholders was RMB 19,120,871,257.

Daqo New Energy's Subsidiary Xinjiang Daqo Proposes Cash Dividend Plan for 2022 to Its Annual Shareholders' Meeting For Approval

Warrior Met Coal

PBF Energy

Enerplus

Harte Hanks

Matador Resources

United Natural Foods

Although the equities sector got off to a great start earlier in the year, significant tremors force a discussion on truly viable stocks to buy in March. Predominantly, comments by Federal Reserve Chair Jerome Powell opened the door for more interest rate hikes at a quicker clip.

7 Stocks to Buy in March 2023

Daqo New Energy Corp. (NYSE:DQ ) Q4 2022 Earnings Conference Call February 28, 2023 8:00 AM ET Company Participants Kevin He - Investor Relations Longgen Zhang - CEO Ming Yang - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Alan Lau - Jefferies Gary Zhou - Credit Suisse Alan Hon - JPMorgan Chase & Co. Operator Good day, and welcome to the Daqo New Energy Fourth Quarter and Fiscal Year 2022 Results Conference Call. All participants will be in a listen-only-mode.

Daqo New Energy Corp. (DQ) Q4 2022 Earnings Call Transcript

Warren Buffet said, "The market is a system of transferring money from the impatient to the patient." This saying and the underlying implications could not go better with what is going on with this latest quarterly announcement.

Daqo Contracts During 4th Quarter, Becomes Value Play for 2023

SHANGHAI , Feb. 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 its unaudited financial results for the fourth quarter and fiscal year of 2022. Fourth Quarter 2022 Financial and Operating Highlights Polysilicon production volume was 33,702 MT in Q4 2022, compared to 33,401 MT in Q3 2022 Polysilicon sales volume was 23,400 MT in Q4 2022, compared to 33,126 MT in Q3 2022 Polysilicon average total production cost(1) was $7.69/kg in Q4 2022, compared to $6.82/kg in Q3 2022 Polysilicon average cash cost(1) was $6.78/kg in Q4 2022, compared to $6.06/kg in Q3 2022 Polysilicon average selling price (ASP) was $37.41/kg in Q4 2022, compared to $36.44/kg in Q3 2022 Revenue was $864.3 million in Q4 2022, compared to $1,219.7 million in Q3 2022 Gross profit was $668.9 million in Q4 2022, compared to $978.6 million in Q3 2022.

Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2022 Results

Daqo New Energy (DQ) is likely to have gained from healthy demand for polysilicon, higher prices and actions to improve efficiency in Q4.

Daqo New Energy (DQ) to Post Q4 Earnings: What's in Store?

Daqo New Energy has neared 52 week lows in January admit falling polysilicon prices, yet all of this was to be expected and momentum is building up for a rally. Higher polysilicon prices sustainable till at least Q3 2023, before more production comes online.

Daqo New Energy: Momentum Is Building Up As Polysilicon Prices Rebound

SHANGHAI , Feb. 21, 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 fourth quarter and fiscal year of 2022 ended December 31, 2022 before U.S. markets open on Tuesday, February 28, 2023. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on February 28, 2023 (9:00 PM Beijing / Hong Kong time on the same day).

Daqo New Energy to Announce Unaudited Results for the Fourth Quarter and Fiscal Year 2022 on February 28, 2023

Daqo New Energy Corp. is a Chinese manufacturing company that produces polysilicon on behalf of clients in the photovoltaic solar power industry. Daqo is in the process of expanding its annual production capacity to 305,000 metric tons of polysilicon by the end of 2023, a nearly 50% increase from current levels.

Daqo New Energy Is Profitable, Yet Priced Below Tangible Book Value

Flex Lng Ltd

These companies are growing their revenues at blistering speeds.

3 of the Top-Growing Stocks on Earth

Daqo New Energy (NYSE: DQ) has been quietly expanding its annual polysilicon production capacity from a mere 18,000 Metric Tons in FY2018 to a current 132,000 Metric Tons as of 3Q'22. This massive growth is shown in their achieved economies of scale and lower production costs, which stood at approximately $9.40/kg in FY2016 to a fantastic $6.82/kg as of 3Q'22.

Daqo New Energy Charged Up For New Highs

Alpha and Omega Semiconductor

Canaan Inc.

Cepton

Wireless Telecom Group

While technology offers some of the most compelling investment opportunities, there's no need to pay full price if you don't have to, thus driving the case for tech stock bargains. While you can always opt for the established entities, the securities on this list focus on the best deals available.

7 Tech Stocks to Snatch Out of the Bargain Bin

Autohome

FinVolution Group

Momo

Noah Holdings Ltd.

NetEase

Vipshop Hlds

Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision to reopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2.

News for Daqo New Energy Stock (DQ)