Latest news with #DaqoNewEnergyCorp
Yahoo
15-05-2025
- Business
- Yahoo
Revenue Downgrade: Here's What Analysts Forecast For Daqo New Energy Corp. (NYSE:DQ)
The latest analyst coverage could presage a bad day for Daqo New Energy Corp. (NYSE:DQ), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Investors however, have been notably more optimistic about Daqo New Energy recently, with the stock price up an impressive 15% to US$14.98 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market. We check all companies for important risks. See what we found for Daqo New Energy in our free report. Following the latest downgrade, the nine analysts covering Daqo New Energy provided consensus estimates of US$704m revenue in 2025, which would reflect a small 4.5% decline on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 39% to US$3.91. Yet before this consensus update, the analysts had been forecasting revenues of US$796m and losses of US$3.62 per share in 2025. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts. See our latest analysis for Daqo New Energy The consensus price target was broadly unchanged at US$21.53, perhaps implicitly signalling that the weaker earnings outlook is not expected to have a long-term impact on the valuation. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that sales are expected to reverse, with a forecast 6.0% annualised revenue decline to the end of 2025. That is a notable change from historical growth of 13% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 16% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Daqo New Energy is expected to lag the wider industry. The most important thing to take away is that analysts increased their loss per share estimates for this year. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Daqo New Energy's revenues are expected to grow slower than the wider market. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Daqo New Energy going forwards. Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Daqo New Energy analysts - going out to 2027, and you can see them free on our platform here. Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Daqo New Energy Corp. (NYSE:DQ) Just Reported Earnings, And Analysts Cut Their Target Price
Daqo New Energy Corp. (NYSE:DQ) missed earnings with its latest first-quarter results, disappointing overly-optimistic forecasters. It looks to have been a weak result overall, as revenue of US$124m were 32% less than the analysts expected. Unsurprisingly, losses were also somewhat larger than was modelled, at US$1.07 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. We check all companies for important risks. See what we found for Daqo New Energy in our free report. After the latest results, the nine analysts covering Daqo New Energy are now predicting revenues of US$838.4m in 2025. If met, this would reflect a solid 14% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 46% to US$3.50. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$846.2m and losses of US$1.80 per share in 2025. So it's pretty clear the analysts have mixed opinions on Daqo New Energy even after this update; although they reconfirmed their revenue numbers, it came at the cost of a massive increase in per-share losses. View our latest analysis for Daqo New Energy The consensus price target fell 7.8% to US$22.78per share, with the analysts clearly concerned by ballooning losses. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Daqo New Energy analyst has a price target of US$35.54 per share, while the most pessimistic values it at US$14.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Daqo New Energy's growth to accelerate, with the forecast 19% annualised growth to the end of 2025 ranking favourably alongside historical growth of 13% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 16% annually. Daqo New Energy is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors. The most important thing to take away is that the analysts increased their loss per share estimates for next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Daqo New Energy going out to 2027, and you can see them free on our platform here.. You can also see our analysis of Daqo New Energy's Board and CEO remuneration and experience, and whether company insiders have been buying stock. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
San Francisco Chronicle
29-04-2025
- Business
- San Francisco Chronicle
Daqo: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Daqo New Energy Corp. (DQ) on Tuesday reported a loss of $71.8 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of $1.07. The solar panel parts maker posted revenue of $123.9 million in the period. _____ April 29, 2025
Yahoo
24-04-2025
- Business
- Yahoo
Is Daqo New Energy Corp. (DQ) the Best Solar Energy Stock to Buy According to Hedge Funds?
We recently published a list of the 11 Best Solar Energy Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Daqo New Energy Corp. (NYSE:DQ) stands against other best solar stocks. The overall energy industry has fallen by almost 8% since the beginning of the year, weighed down by the slump in crude oil prices and the prospects of a global economic slowdown. On the other hand, the clean energy sector has largely remained flat, posting YTD gains of 0.6% at the time of writing this piece. Solar energy has emerged as a leading candidate in the current global 'green transition', thanks in large part to its cost, reliability, availability of supply chain, and speed of construction. Moreover, a significant increase in battery power over the last few years and reductions in battery costs have helped drive solar power's growth by delivering firm power even during early morning and evening peak power conditions. So it doesn't come as a surprise that the United States installed a record-breaking 50 gigawatts (GW) of new solar capacity in 2024, the largest single year of new capacity added to the grid by any energy technology in over twenty years. Moreover, a recent report by Wood Mackenzie and the Solar Energy Industries Association revealed that solar and storage accounted for 84% of all new electric generating capacity added to the grid last year. A significant growth opportunity for the sector has emerged in the form of the ongoing AI boom and its accompanying data centers. According to a study by the American Clean Power Association, electricity demand in the US is expected to surge by 35-50% by 2040, driven by domestic manufacturing growth, data centers, and mass electrification. Solar power is a primary candidate to fill this supply gap, since it can be built faster and more affordably than any other technology. That said, the rapidly expanding sector has suffered a serious setback since the beginning of the year, primarily due to President Trump's global trade war and his reversal of the Biden-era energy and climate policies. The current administration wants to refocus efforts on the fossil fuel sector, while conservatives push Congress to wipe out tax incentives for clean energy. As a result, over half of the nearly $30 billion in clean technology factories that were scheduled to come online this year — including manufacturing facilities for solar, wind, batteries, and electric vehicles — are now predicted to face delays or cancellations, according to a report by BloombergNEF. Solar investors are also fretting about the increasing uncertainty amidst the global tariff war, as the majority of US solar panel imports were coming from Southeast Asian countries like Thailand, Malaysia, and Vietnam. While the President has imposed a 90-day pause on imposing reciprocal levies, it is clear that no country is safe from his tariffs. However, this troublesome geoeconomic landscape has granted a significant advantage to companies that are manufacturing domestically. However, they still must import parts, increasing their costs. To give an example of how tariffs can impact the industry, let us remember Donald Trump's last tenure as president, when he imposed a 30% tariff on imported solar cells and panels in 2018. This policy led the country's renewable energy companies to cancel or freeze investments of over $2.5 billion in large-scale installation projects, resulting in thousands of lost jobs. A production line of solar cells, the lifeline of the corporation. To collect data for this article, we scanned Insider Monkey's database of 1,009 hedge funds and picked the top 11 companies operating in the solar energy sector with the highest number of hedge fund investors in Q4 2024. When two or more companies had the same number of hedge funds investing in them, we ranked them by their market cap as of the writing of this piece. The following are the Best Solar Energy Stocks According to Hedge Funds. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). No. of Hedge Fund Holders: 19 Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Based in China, the company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon. Daqo New Energy Corp. (NYSE:DQ) posted a loss of $65.3 million in Q4 2024, marking the first quarter in over a year that the company's polysilicon production outpaced its polysilicon sales. Still, the company beat forecasts as its adjusted EPS of -$2.56 was above market expectations by $0.99. Its revenue of $195.36 million also topped estimates by $41.82 million, despite being down by over 59% YoY. Even with almost $213 million of losses in 2024, DQ maintained strong liquidity and ended 2024 with a balance of quick assets of $2.2 billion, which can be readily converted to cash if required. Daqo New Energy Corp. (NYSE:DQ) achieved an annual polysilicon production volume of 205,068 metric tons in 2024, meeting its guidance and up 3.7% compared to 2023. The Chinese company is one of the most efficient polysilicon producers in the world, having achieved its cost advantages through innovation and disciplined management. Moreover, DQ's robust balance sheet enables the company to strategically position itself to weather the current industry trough while its competitors struggle to stay afloat. Overall, DQ ranks 9th on our list of the best solar energy stocks to buy according to hedge funds. While we acknowledge the potential of DQ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DQ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Is Daqo New Energy Corp. (DQ) the Best Clean Energy Stock to Buy According to Billionaires?
We recently published a list of the 10 Best Clean Energy Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Daqo New Energy Corp. (NYSE:DQ) stands against other top clean energy stocks according to billionaires. The current overall bearish trend has also dealt a massive blow to the energy sector, which fell by more than 15.7% over the last five days, against a decline of less than 10% by the overall market. This is despite the fact that energy commodities were exempted from President Trump's sweeping new tariffs – a clear tactic to keep energy inflation in check and in-line with his broader aim to keep energy prices low. The biggest reason for this is the prevailing anxiety about what these tariffs will do to economic growth and, hence, the power demand. The decline in energy stocks also indicates that the market is not expecting any reindustrialization of America to happen in the near term, which appears to be the President's key aim behind his upending of the entire global trade system. READ ALSO: 12 Best Nuclear Power Stocks To Buy Now That said, the global renewable energy industry is growing at a record pace as the world moves ahead with its energy transition to mitigate the impacts of climate change. According to the International Renewable Energy Agency, the global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with an addition of 585 GW just last year. This represented a 92.5% share of the total capacity expansion during the year and marked a record 15.1% rate of annual growth. The American clean energy sector has kept up with this explosive growth and brought online 48.2 GW of capacity from utility-scale solar, wind, and battery storage in 2024, according to research organization Cleanview. Renewables are set to continue this momentum, and the US Energy Information Administration expects the share of new power capacity to come online this year from renewables and batteries to jump to 93%. One sector that has particularly garnered accelerated investor interest over the last year is nuclear energy. The International Energy Agency recently revealed that nuclear is set to generate a record level of electricity in 2025. Moreover, on the sidelines of the CERAWeek conference in Houston last month, several major corporations even signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. Another sector that has performed exceptionally well is that of energy storage, which set a new record with 12.3 GW of installations across all segments in the US last year. According to the American Clean Power Association, the industry is on a path to surpass 100 GW of grid-scale storage deployed by 2030. However, the country's rapidly expanding sector now faces a serious threat since over 90% of lithium-ion energy storage cells deployed in the US storage market last year originated from China, according to Rho Motion, a data research company. Despite the Trump administration's best efforts to hamper its growth, the clean energy sector continues to be backed up by an increasing number of hedge funds and billionaires. A great example is how Berkshire Hathaway Energy, a wholly-owned subsidiary of Warren Buffett's Berkshire Hathaway, has invested over $40 billion in wind, solar, and hydroelectric projects and operates one of the largest renewable energy portfolios in America. A production line of solar cells, the lifeline of the corporation. To collect data for this article, we scanned Insider Monkey's database of billionaires' stock holdings and picked the top 10 companies operating in the renewable energy sector with the highest number of billionaire investors in the Insider Monkey database in Q4 of 2024. When two or more companies had the same number of billionaires backing them, we ranked them by the revenue of their last financial year. Following are the Best Clean Energy Stocks According to Billionaires. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Investors: 7 Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Based in China, the company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world's lowest-cost producers of high-purity polysilicon. Daqo New Energy Corp. (NYSE:DQ) beat forecasts in Q4 2024 as its adjusted EPS of -$2.56 was above market estimates by $0.99. The company's revenue of $195.36 million, though down by over 59% YoY, also topped expectations by $41.82 million. Moreover, DQ reached an annual polysilicon productive volume of 205,068 metric tons in 2024, meeting its guidance of 200,000 metric tons to 210,000 metric tons and up 3.7% compared to 2023. Despite the losses, the firm maintained strong liquidity and ended 2024 with a balance of quick assets of $2.2 billion, which can be readily converted to cash if required. Daqo New Energy Corp. (NYSE:DQ) is one of the most efficient polysilicon producers in the world, having achieved its cost advantages through innovation and disciplined management. This positions the company to capitalize on the next cyclical upswing, as supply diminishes due to the consolidation in the market while the global demand for polysilicon grows at a projected 12.8% annually. Daqo New Energy Corp. (NYSE:DQ) is included among the 10 Best Solar Stocks to Buy in 2025. Overall, DQ ranks 9th on our list of the best clean energy stocks to buy according to billionaires. While we acknowledge the potential of renewable energy stocks , our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DQ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
