DAQO New Energy (NYSE:DQ) Trading Up 8.7% – Should You Buy?

Posted by Stanley Muller on Jun 13th, 2026

Shares of DAQO New Energy Corp. (NYSE:DQ – Get Free Report) traded up 8.7% on Thursday . The stock traded as high as $15.48 and last traded at $15.7240. 399,797 shares traded hands during trading, a decline of 50% from the average session volume of 793,918 shares. The stock had previously closed at $14.46.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research cut DAQO New Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Roth Mkm set a $19.00 target price on DAQO New Energy in a research report on Thursday, April 30th. Wall Street Zen cut DAQO New Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of DAQO New Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, DAQO New Energy currently has a consensus rating of “Hold” and an average target price of $23.59.

View Our Latest Research Report on DQ

DAQO New Energy Stock Performance

The company has a market capitalization of $1.07 billion, a P/E ratio of -5.66 and a beta of 0.61. The firm’s fifty day moving average is $19.02 and its 200-day moving average is $23.99.

DAQO New Energy (NYSE:DQ – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.18). The company had revenue of $26.72 million for the quarter, compared to the consensus estimate of $186.28 million. DAQO New Energy had a negative net margin of 32.92% and a negative return on equity of 3.19%. As a group, analysts expect that DAQO New Energy Corp. will post -1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On DAQO New Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in DAQO New Energy during the 3rd quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in DAQO New Energy during the 2nd quarter worth approximately $29,000. Farther Finance Advisors LLC grew its holdings in DAQO New Energy by 1,650.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,330 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,254 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in DAQO New Energy during the 4th quarter worth approximately $49,000. Finally, Banque Cantonale Vaudoise bought a new stake in DAQO New Energy during the 4th quarter worth approximately $55,000. 47.22% of the stock is owned by institutional investors.

About DAQO New Energy

(Get Free Report)

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China’s Xinjiang Uygur Autonomous Region.