Daqo New Energy (DQ) Expected to Announce Quarterly Earnings on Thursday

Daqo New Energy (NYSE:DQ) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.69) per share and revenue of $153.54 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Daqo New Energy Stock Down 6.7 %

Shares of DQ opened at $20.32 on Tuesday. The business’s 50-day moving average price is $19.53 and its 200-day moving average price is $19.07. Daqo New Energy has a twelve month low of $13.62 and a twelve month high of $30.85. The stock has a market cap of $1.34 billion, a PE ratio of -10.98 and a beta of 0.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Daiwa America upgraded Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Daiwa Capital Markets upgraded Daqo New Energy from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Daqo New Energy has an average rating of “Buy” and an average price target of $22.26.

About Daqo New Energy

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.