DAQO New Energy Corp. with ticker code (DQ) now have 15 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 102 and 34.75 suggesting an average Analsyt target price of $61.09. Given that the stocks previous close was at $45.61 this would imply there is now a potential upside of 33.9%. Also worth taking note is the 50 day moving average now sits at $46.71 and the 200 day MA is $52.72. The total market capitalization for the company now stands at $3,439m. You can visit the company’s website by visiting: https://www.dqsolar.com
The potential market cap would be $4,606m based on the market consensus.
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People’s Republic of China. 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.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 1.92, revenue per share of 60.74 and a 34.75% return on assets.
