Cygnus Capital Advisors LLC Invests $724,000 in DAQO New Energy Corp. $DQ

Cygnus Capital Advisors LLC acquired a new stake in DAQO New Energy Corp. (NYSE:DQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 54,100 shares of the semiconductor company’s stock, valued at approximately $724,000. Cygnus Capital Advisors LLC owned about 0.08% of DAQO New Energy as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in DAQO New Energy during the 3rd quarter worth approximately $26,000. Nykredit A S purchased a new position in shares of DAQO New Energy in the second quarter worth $28,000. Headlands Technologies LLC acquired a new stake in shares of DAQO New Energy during the second quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of DAQO New Energy during the fourth quarter worth $49,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of DAQO New Energy by 37.5% during the first quarter. Banque Cantonale Vaudoise now owns 2,579 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 703 shares during the last quarter. 47.22% of the stock is currently owned by institutional investors and hedge funds.

DAQO New Energy Stock Performance

Shares of NYSE:DQ opened at $12.31 on Tuesday. DAQO New Energy Corp. has a 12-month low of $11.38 and a 12-month high of $36.59. The company has a market capitalization of $833.02 million, a PE ratio of -4.33 and a beta of 0.67. The business has a 50 day moving average of $13.00 and a two-hundred day moving average of $17.33.

DAQO New Energy (NYSE:DQ) last issued its quarterly earnings data on Thursday, August 20th. The semiconductor company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.63). The firm had revenue of $62.66 million for the quarter, compared to analyst estimates of $52.93 million. DAQO New Energy had a negative return on equity of 3.26% and a negative net margin of 34.50%. Equities research analysts predict that DAQO New Energy Corp. will post -1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered DAQO New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 28th. JPMorgan Chase & Co. dropped their price target on DAQO New Energy from $35.50 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Zacks Research cut DAQO New Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. New Street Research set a $10.00 target price on DAQO New Energy in a report on Monday, August 24th. Finally, The Goldman Sachs Group lowered DAQO New Energy from a “neutral” rating to a “sell” rating and set a $10.00 target price on the stock. in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $15.83.

DAQO New Energy Profile

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China’s Xinjiang Uygur Autonomous Region.