DQ / DQ Stock: Why One Analyst Is Making Daqo New Energy Its Top Solar Pick

Daqo New Energy Corp. (NYSE:DQ ) Q3 2023 Earnings Conference Call October 30, 2023 8:00 AM ET Company Participants Xiang Xu - Chairman and Chief Execu more_horizontal

Daqo New Energy (DQ) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $1.70. This compares to earnings of $4.1 more_horizontal

Solar stocks have been under pressure in 2023 as the global energy landscape has shifted. The resurgence of fossil fuels, especially natural gas, has more_horizontal

Daqo New Energy is a leading global producer of polysilicon with competitive advantages in cost, quality, and manufacturing capabilities. China domina more_horizontal

Whenever a new exciting industry hits the television screens of various market participants, investors crowd around a handful of names, typically thos more_horizontal

Daqo (DQ) provides an update on the $700M share repurchase program, affirming confidence in its industry and commitment to repurchase undervalued shar more_horizontal

DQ is currently trading at a large discount to its intrinsic value. Relative to its peers DQ is severely underpriced. DQ's revenue growth has been imp more_horizontal

Daqo New Energy stock has been under pressure due to falling polysilicon prices, but the company's strong balance sheet and high-profit margins sugges more_horizontal