Green Alpha Advisors LLC Has $419,000 Stock Position in Daqo New Energy Corp. (NYSE:DQ)

Green Alpha Advisors LLC lessened its stake in Daqo New Energy Corp. (NYSE:DQ) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,545 shares of the semiconductor company’s stock after selling 2,332 shares during the quarter. Green Alpha Advisors LLC’s holdings in Daqo New Energy were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sylebra Capital LLC grew its position in shares of Daqo New Energy by 103.9% during the 2nd quarter. Sylebra Capital LLC now owns 943,692 shares of the semiconductor company’s stock worth $13,778,000 after buying an additional 480,980 shares during the period. Marshall Wace LLP grew its holdings in Daqo New Energy by 112.3% during the 2nd quarter. Marshall Wace LLP now owns 322,635 shares of the semiconductor company’s stock worth $4,710,000 after acquiring an additional 170,660 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Daqo New Energy by 32.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,732 shares of the semiconductor company’s stock worth $2,765,000 after acquiring an additional 33,031 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Daqo New Energy during the 3rd quarter valued at $1,053,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Daqo New Energy by 57.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 74,571 shares of the semiconductor company’s stock valued at $1,519,000 after purchasing an additional 27,223 shares during the period. 47.22% of the stock is owned by institutional investors.

Daqo New Energy Stock Down 5.9 %

Shares of DQ stock opened at $19.27 on Monday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -10.42 and a beta of 0.28. Daqo New Energy Corp. has a 12-month low of $13.62 and a 12-month high of $30.85. The firm has a fifty day moving average of $19.78 and a 200-day moving average of $18.34.

Daqo New Energy (NYSE:DQ) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($0.12). The firm had revenue of $198.50 million during the quarter, compared to analyst estimates of $186.90 million. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. During the same period in the prior year, the business earned ($0.09) EPS. On average, equities analysts expect that Daqo New Energy Corp. will post -3.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Daiwa Capital Markets raised Daqo New Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 30th. Daiwa America upgraded shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. HSBC upgraded shares of Daqo New Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Hsbc Global Res upgraded shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Daqo New Energy to a “sell” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Daqo New Energy currently has a consensus rating of “Buy” and a consensus price target of $22.26.

Daqo New Energy Company Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.