Daqo New Energy Corp. (DQ)
Summary
Daqo New Energy: Treading Water In An Increasingly Negative Polysilicon Market
Daqo New Energy Corp. receives a third consecutive Sell rating due to persistent structural and profitability challenges. DQ's production costs exceed polysilicon selling prices, utilization rates remain below 50%, and gross margins are deeply negative. Despite a recent rally and increased output guidance, DQ's market cap is unsupported by its $22.3M projected annual gross profit and ongoing losses.
Daqo New Energy Corp. (DQ) Q2 2026 Earnings Call Transcript
Daqo New Energy Corp. (DQ) Q2 2026 Earnings Call Transcript
DAQO New Energy Q2 Earnings Call Highlights
DAQO New Energy NYSE: DQ reported a narrower second-quarter loss as it resumed normal polysilicon sales in June, though pricing remained below production costs amid weak solar demand and elevated industry inventories.
Daqo New Energy Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 24 | $445.28 | $348.96 | -$96.32 | -21.63% |
| NA Nizar Araji National Bank Of Canada /FI/ | 249,195 | $5.3M | $3.68M | -$1.62M | -30.65% |
| JM John Malone Amundi | 1.1M | $61.82M | $16.05M | -$45.77M | -74.03% |
| YA Yinka Akinsola Blue Trust Inc. | 46 | $937.02 | $559.82 | -$377.2 | -40.26% |
 Joseph Castro Nuveen LLC | 27,400 | $496,214 | $398,396 | -$97,818 | -19.71% |
Daqo New Energy Corp. (DQ) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Daqo New Energy Corp. ever had a stock split?
Daqo New Energy Corp. Profile
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Xiang Xu CEO | NYSE Exchange | 23703Q203 CUSIP |
| CN Country | 3,842 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.
