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Daqo New Energy Corp ADR (DQ)



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Upturn Advisory Summary
03/13/2025: DQ (1-star) is a SELL. SELL since 5 days. Profits (-12.00%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit -14.62% | Avg. Invested days 30 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.19B USD | Price to earnings Ratio - | 1Y Target Price 25.12 |
Price to earnings Ratio - | 1Y Target Price 25.12 | ||
Volume (30-day avg) 870423 | Beta 0.41 | 52 Weeks Range 13.62 - 30.85 | Updated Date 04/2/2025 |
52 Weeks Range 13.62 - 30.85 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -26.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -33.55% | Operating Margin (TTM) -64.14% |
Management Effectiveness
Return on Assets (TTM) -3.51% | Return on Equity (TTM) -7.28% |
Valuation
Trailing PE - | Forward PE 21.37 | Enterprise Value -2805458400 | Price to Sales(TTM) 1.16 |
Enterprise Value -2805458400 | Price to Sales(TTM) 1.16 | ||
Enterprise Value to Revenue 3.33 | Enterprise Value to EBITDA 6.67 | Shares Outstanding 65760000 | Shares Floating 255918178 |
Shares Outstanding 65760000 | Shares Floating 255918178 | ||
Percent Insiders 4.85 | Percent Institutions 51.3 |
Analyst Ratings
Rating 4.11 | Target Price 26.09 | Buy 4 | Strong Buy 3 |
Buy 4 | Strong Buy 3 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Daqo New Energy Corp ADR

Company Overview
History and Background
Daqo New Energy Corp ADR (DQ) was founded in 2006. It is a leading polysilicon manufacturer for the solar PV industry. It listed on the NYSE in 2010.
Core Business Areas
- Polysilicon Manufacturing: Daqo produces high-purity polysilicon, a key raw material used in the manufacturing of solar wafers, cells, and modules.
Leadership and Structure
The company's leadership includes CEO Longgen Zhang. It operates with a corporate structure typical for publicly traded companies, with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- High-Purity Polysilicon: Daqo's main product is high-purity polysilicon. The company holds significant market share (estimated around 15%-20% globally) due to its cost-competitive production. Competitors include GCL Technology, Tongwei, and Wacker Chemie.
Market Dynamics
Industry Overview
The polysilicon industry is highly cyclical and heavily influenced by solar panel demand and government policies, especially in China. It's currently experiencing overcapacity and price volatility.
Positioning
Daqo is a major player in the polysilicon market, known for its high-quality product and cost-efficient manufacturing, primarily in China. This allows for a price advantage but introduces geopolitical risk.
Total Addressable Market (TAM)
The solar polysilicon market size was valued at USD 11.35 billion in 2023 and is expected to reach USD 21.74 billion by 2032. Daqo is positioned to capture a significant portion of this expanding market, but faces challenges in maintaining market share due to increasing competition and volatile pricing.
Upturn SWOT Analysis
Strengths
- Cost-efficient production
- High-quality polysilicon
- Established market presence
- Advanced manufacturing technology
Weaknesses
- Geographic concentration (China)
- Dependence on solar industry cycles
- Price volatility of polysilicon
- High capital expenditure requirements
Opportunities
- Expanding solar energy demand globally
- Technological advancements in polysilicon production
- Potential for vertical integration
- Growth in emerging markets
Threats
- Oversupply of polysilicon
- Trade barriers and tariffs
- Technological disruption (e.g., alternative materials)
- Geopolitical risks in China
Competitors and Market Share
Key Competitors
- GCL Technology (0379.HK)
- Tongwei (600438.SS)
- Wacker Chemie (WCH.DE)
Competitive Landscape
Daqo competes on price and quality. Its cost-efficient production gives it an advantage, but it faces competition from larger and more diversified players.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Daqo has experienced significant revenue growth due to expanding polysilicon production capacity and rising solar demand. However, growth has been cyclical.
Future Projections: Analyst estimates project continued growth in revenue and earnings, driven by increasing solar installations globally. However, projections are subject to significant uncertainty.
Recent Initiatives: Daqo has recently invested in expanding its polysilicon production capacity and improving its manufacturing technology.
Summary
Daqo New Energy is a key player in the polysilicon market, benefiting from cost-efficient production. Its performance is heavily reliant on the volatile solar market and geopolitical factors in China. Future growth depends on expanding capacity and navigating competitive pressures. Despite cyclicality, Daqo's strong market position suggests resilience.
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Sources and Disclaimers
Data Sources:
- Company reports
- Analyst estimates
- Industry publications
- Market research reports
Disclaimers:
This analysis is based on available information and is subject to change. It is not financial advice. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Daqo New Energy Corp ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 2010-10-07 | Chairman & CEO Mr. Xiang Xu | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees - | Website https://www.dqsolar.com |
Full time employees - | Website https://www.dqsolar.com |
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. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.
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