Symbols / DQ $23.24 +15.22% Daqo New Energy Corp.

Technology • Semiconductor Equipment & Materials • China • NYQ
DQ Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. The company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification. 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.

Fundamentals
Scroll to Statements
Market Cap 1.57B Enterprise Value 7.31B Income -170.51M Sales 665.41M Book/sh 65.12 Cash/sh 6.11
Dividend Yield — Payout 0.00% Employees — IPO — P/E — Forward P/E 21.13
PEG 0.15 P/S 2.36 P/B 0.36 P/C — EV/EBITDA -326.65 EV/Sales 10.98
Quick Ratio 4.42 Current Ratio 5.41 Debt/Eq — LT Debt/Eq — EPS (ttm) -2.55 EPS next Y 1.10
EPS Growth — Revenue Growth 13.50% Earnings 2026-04-29 ROA -2.63% ROE -3.67% ROIC —
Gross Margin -20.72% Oper. Margin -9.42% Profit Margin -25.62% Shs Outstand 67.67M Shs Float 206.17M Short Float 5.49%
Short Ratio 3.48 Short Interest — 52W High 36.59 52W Low 12.41 Beta 0.80 Avg Volume 668.69K
Volume 2.08M Target Price $31.86 Recom Buy Prev Close $20.17 Price $23.24 Change 15.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.86
Mean price target
2. Current target
$23.24
Latest analyst target
3. DCF / Fair value
$-44.07
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.24
Low
$19.00
High
$39.00
Mean
$31.86

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-03 down GLJ Research Buy → Sell $18
2025-10-28 main Roth Capital Neutral → Neutral $30
2025-09-08 main Citigroup Buy → Buy $37
2025-08-26 reit GLJ Research Buy → Buy $31
2025-07-18 init Citigroup — → Buy $27
2025-07-10 up GLJ Research Sell → Buy $31
2025-04-15 down Goldman Sachs Buy → Neutral —
2024-10-09 down Daiwa Capital Outperform → Hold $25
2024-08-28 main Roth MKM Neutral → Neutral $15
2024-08-27 up HSBC Reduce → Hold $15
2024-08-26 main Jefferies Buy → Buy $34
2024-06-14 main GLJ Research Sell → Sell $13
2024-05-06 down HSBC Hold → Reduce $18
2024-04-30 main Roth MKM Neutral → Neutral $23
2024-03-15 down Daiwa Capital Neutral → Underperform $25
2023-09-19 down Daiwa Capital Outperform → Neutral $32
2023-08-04 main HSBC Hold → Hold $39
2023-05-01 main HSBC — → Hold $46
2022-12-05 down Goldman Sachs Buy → Neutral $70
2021-10-11 main Jefferies — → Buy $139
News
RSS: Latest DQ news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
—
1,029.08
-55.41%
2,307.70
-49.92%
4,608.35
Operating Revenue
—
1,029.08
-55.41%
2,307.70
-49.92%
4,608.35
Cost Of Revenue
—
1,242.01
-10.46%
1,387.05
+15.55%
1,200.43
Reconciled Cost Of Revenue
—
1,242.01
-10.46%
1,387.05
+15.55%
1,200.43
Gross Profit
—
-212.93
-123.13%
920.65
-72.99%
3,407.92
Operating Expense
—
175.53
+27.92%
137.22
-62.64%
367.30
Research And Development
—
4.56
-54.93%
10.12
+0.75%
10.04
Selling General And Administration
—
143.09
-32.90%
213.24
-39.78%
354.07
Other Operating Expenses
—
9.81
+111.39%
-86.14
-2807.86%
3.18
Total Expenses
—
1,417.55
-7.00%
1,524.27
-2.77%
1,567.72
Operating Income
—
-388.46
-149.59%
783.43
-74.23%
3,040.63
Total Operating Income As Reported
—
-564.09
-172.00%
783.43
-74.23%
3,040.63
EBITDA
—
-182.11
-119.53%
932.32
-70.38%
3,147.72
Normalized EBITDA
—
-22.29
-102.35%
949.58
-69.82%
3,145.93
Reconciled Depreciation
—
206.36
+38.60%
148.89
+39.02%
107.10
EBIT
—
-388.46
-149.59%
783.43
-74.23%
3,040.63
Total Unusual Items
—
-159.82
-826.06%
-17.26
-1064.13%
1.79
Total Unusual Items Excluding Goodwill
—
-159.82
-826.06%
-17.26
-1064.13%
1.79
Special Income Charges
—
-175.63
0.00
0.00
Impairment Of Capital Assets
—
175.63
0.00
0.00
Net Income
—
-345.21
-180.37%
429.55
-76.40%
1,819.80
Pretax Income
—
-518.06
-163.30%
818.47
-73.23%
3,056.89
Net Non Operating Interest Income Expense
—
30.22
-42.21%
52.30
+261.38%
14.47
Interest Expense Non Operating
—
—
—
—
Net Interest Income
—
30.22
-42.21%
52.30
+261.38%
14.47
Interest Expense
—
—
—
—
Interest Income Non Operating
—
30.22
-42.21%
52.30
+261.38%
14.47
Interest Income
—
30.22
-42.21%
52.30
+261.38%
14.47
Other Income Expense
—
-159.82
-826.06%
-17.26
-1064.13%
1.79
Gain On Sale Of Security
—
15.81
+191.60%
-17.26
-1064.13%
1.79
Tax Provision
—
-69.91
-142.22%
165.59
-71.31%
577.25
Tax Rate For Calcs
0.00
-30.77%
0.00
-35.00%
0.00
+5.26%
0.00
Tax Effect Of Unusual Items
2.17
+110.43%
-20.78
-501.94%
-3.45
-1114.88%
0.34
Net Income Including Noncontrolling Interests
—
-448.15
-168.64%
652.89
-73.67%
2,479.64
Net Income From Continuing Operation Net Minority Interest
—
-345.21
-180.37%
429.55
-76.40%
1,819.80
Net Income From Continuing And Discontinued Operation
—
-345.21
-180.37%
429.55
-76.40%
1,819.80
Net Income Continuous Operations
—
-448.15
-168.64%
652.89
-73.67%
2,479.64
Net Income Discontinuous Operations
—
—
—
0.00
Minority Interests
—
102.94
+146.09%
-223.34
+66.15%
-659.84
Normalized Income
-192.43
+6.66%
-206.17
-146.50%
443.35
-75.62%
1,818.35
Net Income Common Stockholders
—
-345.21
-180.37%
429.55
-76.40%
1,819.80
Diluted EPS
-2.53
+51.35%
-5.20
-192.53%
5.62
-76.45%
23.86
Basic EPS
-2.53
+51.35%
-5.20
-192.20%
5.64
-76.99%
24.51
Basic Average Shares
67.35
+1.80%
66.16
-11.45%
74.72
-1.52%
75.87
Diluted Average Shares
67.35
+1.80%
66.16
-11.74%
74.96
-3.01%
77.29
Diluted NI Availto Com Stockholders
—
-345.21
-180.41%
429.31
-76.21%
1,804.37
Average Dilution Earnings
—
0.00
+100.00%
-0.24
+98.46%
-15.43
Provision For Doubtful Accounts
—
18.07
0.00
0.00
Total Other Finance Cost
—
—
-52.30
-261.38%
-14.47
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
6,418.24
-13.58%
7,426.87
-2.20%
7,594.10
+127.12%
3,343.65
Current Assets
2,631.55
-26.42%
3,576.58
-26.85%
4,889.16
+180.51%
1,742.98
Cash Cash Equivalents And Short Term Investments
2,103.36
-30.78%
3,038.83
-13.51%
3,513.41
+249.93%
1,004.03
Cash And Cash Equivalents
1,006.54
-66.88%
3,038.83
-13.16%
3,499.49
+383.50%
723.77
Other Short Term Investments
1,096.83
0.00
-100.00%
13.93
-95.03%
280.25
Receivables
55.15
-52.61%
116.39
-89.71%
1,131.58
+209.25%
365.91
Inventory
149.94
-13.47%
173.27
+2.21%
169.52
-48.28%
327.77
Raw Materials
15.35
-86.35%
112.46
+88.13%
59.78
-45.12%
108.92
Work In Process
20.65
+5.98%
19.48
+55.48%
12.53
-39.15%
20.59
Finished Goods
113.94
+175.71%
41.33
-57.49%
97.21
-50.97%
198.25
Prepaid Assets
10.40
-27.34%
14.31
+1580.05%
0.85
-74.92%
3.40
Restricted Cash
31.81
+248.48%
9.13
-56.24%
20.86
+10823.04%
0.19
Other Current Assets
280.88
+25.03%
224.65
+324.40%
52.93
+26.98%
41.68
Total Non Current Assets
3,786.70
-1.65%
3,850.29
+42.34%
2,704.93
+68.99%
1,600.67
Net PPE
3,499.21
-3.51%
3,626.42
+39.20%
2,605.20
+67.10%
1,559.11
Gross PPE
4,376.20
+5.16%
4,161.58
+38.23%
3,010.61
+48.62%
2,025.66
Accumulated Depreciation
-876.99
-63.88%
-535.16
-32.00%
-405.41
+13.10%
-466.55
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
1,221.35
+34.76%
906.29
+63.09%
555.71
+18.66%
468.31
Machinery Furniture Equipment
3,102.32
+44.45%
2,147.71
+82.54%
1,176.57
+21.20%
970.79
Construction In Progress
52.53
-95.26%
1,107.58
-13.36%
1,278.33
+117.94%
586.55
Goodwill And Other Intangible Assets
152.87
+1.67%
150.36
+87.18%
80.33
+97.17%
40.74
Other Intangible Assets
152.87
+1.67%
150.36
+87.18%
80.33
+97.17%
40.74
Investments And Advances
27.64
+0.19%
27.58
—
—
Non Current Accounts Receivable
0.55
-97.82%
25.03
+48.44%
16.86
—
Non Current Deferred Assets
84.60
+2372.12%
3.42
+89.17%
1.81
0.00
Non Current Deferred Taxes Assets
84.60
+2372.12%
3.42
+89.17%
1.81
0.00
Non Current Prepaid Assets
—
16.78
0.00
—
Other Non Current Assets
21.84
+25.03%
17.47
+2276.60%
0.73
-10.37%
0.82
Total Liabilities Net Minority Interest
560.38
-42.74%
978.58
-1.10%
989.49
+45.55%
679.82
Current Liabilities
521.24
-37.68%
836.43
+13.56%
736.54
+33.80%
550.50
Payables And Accrued Expenses
477.22
-30.58%
687.45
+15.76%
593.86
+70.88%
347.54
Payables
443.91
-27.74%
614.36
+13.27%
542.37
+76.84%
306.69
Accounts Payable
26.45
-71.52%
92.88
+13.44%
81.88
+0.50%
81.47
Other Payable
406.74
-3.39%
421.02
+82.70%
230.44
+61.22%
142.94
Current Accrued Expenses
33.31
-54.42%
73.08
+41.92%
51.50
+26.07%
40.85
Total Tax Payable
0.51
-99.43%
89.80
-59.48%
221.63
+210.10%
71.47
Income Tax Payable
0.51
-99.43%
89.80
-59.48%
221.63
+210.10%
71.47
Current Debt And Capital Lease Obligation
6.82
—
20.69
—
Current Debt
6.82
—
20.69
—
Current Capital Lease Obligation
—
—
—
0.00
Current Deferred Liabilities
37.19
-75.04%
148.98
+22.13%
121.99
-39.89%
202.96
Current Deferred Revenue
37.19
-75.04%
148.98
+22.13%
121.99
-39.89%
202.96
Other Current Liabilities
—
—
—
4.67
Total Non Current Liabilities Net Minority Interest
39.14
-72.46%
142.15
-43.80%
252.95
+95.60%
129.32
Tradeand Other Payables Non Current
—
—
—
0.00
Non Current Deferred Liabilities
39.14
-72.46%
142.15
-43.80%
252.95
+95.60%
129.32
Non Current Deferred Revenue
38.60
-70.76%
132.00
-23.44%
172.41
+53.12%
112.60
Non Current Deferred Taxes Liabilities
0.54
-94.64%
10.15
-87.40%
80.54
+381.53%
16.73
Stockholders Equity
4,361.19
-8.42%
4,761.91
-0.95%
4,807.38
+122.36%
2,161.96
Common Stock Equity
4,361.19
-8.42%
4,761.91
-0.95%
4,807.38
+122.36%
2,161.96
Capital Stock
0.04
+2.44%
0.04
+2.50%
0.04
+5.26%
0.04
Common Stock
0.04
+2.44%
0.04
+2.50%
0.04
+5.26%
0.04
Share Issued
421.52
+1.42%
415.62
+2.46%
405.62
+7.54%
377.18
Ordinary Shares Number
333.76
+1.51%
328.80
-15.91%
391.02
+4.96%
372.53
Treasury Shares Number
87.76
+1.09%
86.82
+494.74%
14.60
+214.39%
4.64
Additional Paid In Capital
2,408.80
+2.94%
2,340.08
+5.83%
2,211.20
+117.46%
1,016.86
Retained Earnings
2,983.17
-10.37%
3,328.39
+14.82%
2,898.84
+168.65%
1,079.04
Gains Losses Not Affecting Retained Earnings
-413.21
-40.55%
-294.00
-67.01%
-176.03
-359.74%
67.77
Treasury Stock
617.61
+0.82%
612.61
+383.60%
126.68
+7142.88%
1.75
Minority Interest
1,496.67
-11.25%
1,686.38
-6.17%
1,797.23
+258.11%
501.87
Other Equity Adjustments
-413.21
-40.55%
-294.00
-67.01%
-176.03
-359.74%
67.77
Total Equity Gross Minority Interest
5,857.87
-9.16%
6,448.28
-2.37%
6,604.61
+147.94%
2,663.83
Total Capitalization
4,361.19
-8.42%
4,761.91
-0.95%
4,807.38
+122.36%
2,161.96
Working Capital
2,110.31
-22.99%
2,740.15
-34.01%
4,152.62
+248.23%
1,192.48
Invested Capital
4,368.01
-8.27%
4,761.91
-1.37%
4,828.06
+123.32%
2,161.96
Total Debt
6.82
—
20.69
0.00
Capital Lease Obligations
—
—
—
0.00
Net Tangible Assets
4,208.32
-8.74%
4,611.55
-2.44%
4,727.05
+122.85%
2,121.22
Tangible Book Value
4,208.32
-8.74%
4,611.55
-2.44%
4,727.05
+122.85%
2,121.22
Available For Sale Securities
27.64
+0.19%
27.58
—
—
Current Notes Payable
6.82
0.00
-100.00%
20.69
0.00
Duefrom Related Parties Current
0.00
-100.00%
0.03
+88.89%
0.02
0.00
Duefrom Related Parties Non Current
0.55
-97.82%
25.03
+48.44%
16.86
0.00
Dueto Related Parties Current
10.21
-4.19%
10.66
+26.60%
8.42
-22.17%
10.81
Dueto Related Parties Non Current
—
—
—
0.00
Investmentin Financial Assets
27.64
+0.19%
27.58
—
—
Notes Receivable
55.15
-52.60%
116.36
-89.72%
1,131.57
+209.25%
365.91
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-435.42
-126.94%
1,616.04
-34.38%
2,462.65
+285.40%
638.99
Cash Flow From Continuing Operating Activities
-435.42
-126.94%
1,616.04
-34.38%
2,462.65
+285.40%
638.99
Cash From Discontinued Operating Activities
—
—
0.00
0.00
Net Income From Continuing Operations
-448.15
-168.64%
652.89
-73.67%
2,479.64
+186.71%
864.85
Depreciation Amortization Depletion
206.36
+38.60%
148.89
+39.02%
107.10
+38.43%
77.37
Depreciation
206.36
+38.60%
148.89
+39.02%
107.10
+38.43%
77.37
Depreciation And Amortization
206.36
+38.60%
148.89
+39.02%
107.10
+38.43%
77.37
Other Non Cash Items
-7.35
-316.31%
3.40
-59.61%
8.41
+92.03%
4.38
Stock Based Compensation
71.79
-49.41%
141.92
-53.84%
307.45
+2950.98%
10.08
Provisionand Write Offof Assets
18.07
0.00
0.00
—
Asset Impairment Charge
257.02
+5587.65%
4.52
0.00
0.00
Operating Gains Losses
22.23
+229.49%
6.75
-33.36%
10.12
+183.59%
3.57
Unrealized Gain Loss On Investment Securities
-0.03
+73.64%
-0.11
+90.09%
-1.11
+53.88%
-2.41
Gain Loss On Sale Of PPE
22.23
+229.49%
6.75
-33.36%
10.12
+183.59%
3.57
Change In Working Capital
-555.37
-184.43%
657.80
+246.52%
-448.95
-40.81%
-318.84
Change In Receivables
58.92
-94.03%
987.39
+220.97%
-816.24
-126.65%
-360.14
Changes In Account Receivables
—
—
0.00
0.00
Change In Inventory
-62.58
-378.50%
-13.08
-109.46%
138.26
+149.34%
-280.19
Change In Prepaid Assets
-77.90
+47.97%
-149.72
-1089.99%
-12.58
+53.05%
-26.80
Change In Payables And Accrued Expense
-191.13
-117.37%
-87.93
-148.53%
181.17
+53.19%
118.27
Change In Accrued Expense
-38.32
-254.05%
24.87
+74.66%
14.24
+46.41%
9.73
Change In Payable
-152.81
-35.47%
-112.80
-167.57%
166.93
+53.79%
108.54
Change In Account Payable
-64.83
-585.04%
13.37
+90.96%
7.00
-88.54%
61.07
Change In Other Working Capital
-286.84
-263.72%
-78.86
-230.49%
60.44
-76.40%
256.11
Change In Other Current Assets
—
-0.90
-173.77%
1.22
+1867.74%
0.06
Change In Other Current Liabilities
—
0.00
0.00
+100.00%
-26.15
Investing Cash Flow
-1,480.78
-23.82%
-1,195.95
-19.79%
-998.42
-27.69%
-781.89
Cash Flow From Continuing Investing Activities
-1,480.78
-23.82%
-1,195.95
-19.79%
-998.42
-27.69%
-781.89
Cash From Discontinued Investing Activities
—
—
0.00
0.00
Net PPE Purchase And Sale
-358.83
+67.69%
-1,110.74
+7.85%
-1,205.33
-141.79%
-498.50
Purchase Of PPE
-358.83
+67.69%
-1,110.74
+7.85%
-1,205.33
-141.79%
-498.50
Capital Expenditure
-368.92
+68.92%
-1,186.84
+5.09%
-1,250.52
-146.04%
-508.26
Net Investment Purchase And Sale
-2,134.41
-16230.60%
-13.07
-105.18%
252.10
+192.13%
-273.63
Purchase Of Investment
-4,203.69
-15602.42%
-26.77
+42.04%
-46.19
+90.79%
-501.44
Sale Of Investment
2,069.28
+15003.17%
13.70
-95.41%
298.29
+30.94%
227.81
Net Intangibles Purchase And Sale
-10.09
+86.01%
-72.15
-59.66%
-45.19
-363.23%
-9.76
Purchase Of Intangibles
-10.09
+86.74%
-76.10
-68.41%
-45.19
-363.23%
-9.76
Net Other Investing Changes
1,022.55
—
—
—
Financing Cash Flow
-47.36
+94.05%
-795.40
-154.03%
1,472.09
+99.95%
736.23
Cash Flow From Continuing Financing Activities
-47.36
+94.05%
-795.40
-154.03%
1,472.09
+99.95%
736.23
Net Issuance Payments Of Debt
0.00
0.00
0.00
+100.00%
-200.87
Issuance Of Debt
0.00
-100.00%
140.00
-21.68%
178.75
+188.15%
62.03
Repayment Of Debt
0.00
+100.00%
-140.00
+21.68%
-178.75
+32.01%
-262.91
Long Term Debt Issuance
0.00
-100.00%
140.00
-21.68%
178.75
+188.15%
62.03
Long Term Debt Payments
0.00
+100.00%
-140.00
+21.68%
-178.75
+32.01%
-262.91
Net Long Term Debt Issuance
0.00
0.00
0.00
+100.00%
-200.87
Short Term Debt Issuance
—
140.00
-21.68%
178.75
+188.15%
62.03
Short Term Debt Payments
—
-140.00
+21.68%
-178.75
+32.01%
-262.91
Net Short Term Debt Issuance
—
0.00
0.00
+100.00%
-200.87
Net Common Stock Issuance
-12.65
+97.58%
-522.13
-317.95%
-124.93
0.00
Common Stock Payments
-12.65
+97.58%
-522.13
-317.95%
-124.93
0.00
Repurchase Of Capital Stock
-12.65
+97.58%
-522.13
-317.95%
-124.93
0.00
Proceeds From Stock Option Exercised
1.14
-96.25%
30.39
+2954.77%
0.99
-53.48%
2.14
Net Other Financing Charges
-35.84
+88.20%
-303.66
-119.03%
1,596.03
+70.71%
934.96
Changes In Cash
-1,963.56
-423.18%
-375.31
-112.78%
2,936.33
+394.90%
593.32
Effect Of Exchange Rate Changes
-46.05
+52.57%
-97.08
+30.63%
-139.94
-1243.13%
12.24
Beginning Cash Position
3,047.96
-13.42%
3,520.35
+386.26%
723.97
+511.44%
118.40
End Cash Position
1,038.35
-65.93%
3,047.96
-13.42%
3,520.35
+386.26%
723.97
Free Cash Flow
-804.34
-287.40%
429.20
-64.59%
1,212.13
+827.21%
130.73
Interest Paid Supplemental Data
—
4.72
-40.46%
7.93
-62.54%
21.16
Income Tax Paid Supplemental Data
—
289.53
-17.41%
350.58
+224.32%
108.10
Change In Income Tax Payable
-88.12
+30.13%
-126.12
-178.79%
160.06
+237.31%
47.45
Change In Tax Payable
-88.12
+30.13%
-126.12
-178.79%
160.06
+237.31%
47.45
Sale Of Intangibles
0.00
-100.00%
3.96
0.00
0.00
Cash From Discontinued Financing Activities
—
—
0.00
0.00
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category