Daqo New Energy (DQ) to Release Quarterly Earnings on Wednesday

Daqo New Energy (NYSE:DQ) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.69) per share and revenue of $153.54 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Daqo New Energy Trading Down 1.2 %

Shares of NYSE:DQ opened at $21.38 on Wednesday. The stock has a 50 day moving average of $19.23 and a 200 day moving average of $18.93. The company has a market cap of $1.41 billion, a PE ratio of -11.55 and a beta of 0.25. Daqo New Energy has a 12-month low of $13.62 and a 12-month high of $30.85.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DQ shares. Daiwa America raised shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Daiwa Capital Markets raised shares of Daqo New Energy from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Daqo New Energy presently has a consensus rating of “Buy” and a consensus target price 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.