Daqo New Energy Corp. (DQ)
Summary
Daqo New Energy: It's A Waiting Game, Patience Required (Downgrade)
Daqo New Energy Corp. is downgraded to Hold due to prolonged industry overcapacity and delayed recovery in polysilicon pricing. DQ's Q1 revenues fell 78.5% YoY, with a net loss of $88.4M, as the company halted sales to avoid selling below cost. The DQ balance sheet remains robust, with $1.87B in liquidity and no debt, supporting DQ's long-term survival through the downturn.
Daqo New Energy Corp. (DQ) Q1 2026 Earnings Call Transcript
Daqo New Energy Corp. (DQ) Q1 2026 Earnings Call Transcript
Daqo New Energy (DQ) Reports Q1 Loss, Lags Revenue Estimates
Daqo New Energy (DQ) came out with a quarterly loss of $1.31 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to a loss of $1.07 per share a year ago.
Daqo New Energy Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 16 | $340.32 | $190.16 | -$150.16 | -44.12% |
| YA Yinka Akinsola Blue Trust Inc. | 46 | $937.02 | $546.25 | -$390.77 | -41.7% |
| CPS Chow Pak Sun Gordian Capital Singapore Pte Ltd. | 67,000 | $1.88M | $793,950 | -$1.09M | -57.84% |
 Joseph Castro Nuveen LLC | 34,600 | $626,606 | $413,989 | -$212,617 | -33.93% |
| RS Richard Slavik Newbridge Financial Services Group Inc. | 400 | $11,252 | $4,806 | -$6,446 | -57.29% |
Daqo New Energy Corp. (DQ) FAQ
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Daqo New Energy Corp. Profile
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Xiang Xu CEO | NYSE Exchange | 23703Q203 CUSIP |
| CN Country | 4,749 Employees | - Last Dividend | 17 Nov 2020 Last Split | 7 Oct 2010 IPO Date |
Overview
Daqo New Energy Corp., established in 2006 and headquartered in Shanghai, China, specializes in manufacturing and selling polysilicon to manufacturers of photovoltaic products within the People's Republic of China. Initially named Mega Stand International Limited, the company underwent a name change to Daqo New Energy Corp. in August 2009. It plays a crucial role in the solar power solutions sector by supplying essential materials for the production of ingots, wafers, cells, and modules. Daqo's position in the supply chain underscores its importance in supporting the photovoltaic industry's growth and sustainability in China.
Products and Services
Daqo New Energy Corp. offers a focused portfolio of products vital for the photovoltaic industry:
- Polysilicon: The core product offered by Daqo New Energy Corp., polysilicon, serves as the foundational material used in the creation of photovoltaic products. Particularly, it is instrumental in the manufacturing of ingots, which are then sliced into wafers. These wafers are further processed into cells, the basic units of solar panels, which are assembled into modules. Daqo's polysilicon is distinguished by its high purity, which is crucial for efficiency in solar power solutions. The company's expertise in the production of polysilicon places it at the forefront of suppliers catering to the photovoltaic product manufacturers in China.
