DAQO New Energy (NYSE:DQ) Stock Price Down 3.5% on Disappointing Earnings

Shares of DAQO New Energy Corp. (NYSE:DQ) fell 3.5% during trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $14.45 and last traded at $14.46. Approximately 101,374 shares were traded during mid-day trading, a decline of 88% from the average session volume of 842,243 shares. The stock had previously closed at $14.98.

The semiconductor company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.63). DAQO New Energy had a negative net margin of 32.92% and a negative return on equity of 3.19%. The business had revenue of $62.66 million during the quarter, compared to analysts’ expectations of $52.93 million.

More DAQO New Energy News

Here are the key news stories impacting DAQO New Energy this week:

• Positive Sentiment: Polysilicon sales volume rebounded to 15,190 metric tons from 4,482 metric tons in the first quarter, while revenue rose to $62.7 million from $26.7 million and exceeded analyst expectations. Why Did Daqo New Energy Sales Volume Rebound This Quarter?
• Positive Sentiment: Management expects 2026 polysilicon production of approximately 160,000–180,000 tons, potentially positioning DQ to benefit from long-term solar and artificial-intelligence data-center power demand. Production costs remained stable at $5.95 per kilogram, and cash costs edged lower to $4.57 per kilogram. Daqo Projects 2026 Polysilicon Output
• Neutral Sentiment: Liquidity remains a significant cushion, with cash, short-term investments and related holdings totaling approximately $1.92 billion at the end of the quarter, though this declined from $2.00 billion in the prior quarter. Daqo New Energy Second-Quarter 2026 Results
• Negative Sentiment: DQ reported a loss of $1.20 per ADS, significantly worse than analyst expectations, despite the revenue beat. The result compared with a $1.14 loss in the year-ago quarter. Daqo New Energy Reports Second-Quarter Loss
• Negative Sentiment: The average selling price fell to $4.04 per kilogram from $5.96, well below total production costs. As a result, gross loss reached $82.7 million and gross margin was negative 132%, reinforcing concerns about prolonged polysilicon oversupply and pricing pressure. Daqo Shares Tumble After Earnings Miss

Analyst Upgrades and Downgrades

DQ has been the topic of several research analyst reports. Roth Capital set a $19.00 target price on shares of DAQO New Energy in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of DAQO New Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price objective on shares of DAQO New Energy from $35.50 to $22.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded shares of DAQO New Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $11.20 target price on shares of DAQO New Energy in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.35.

Institutional Investors Weigh In On DAQO New Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in DAQO New Energy in the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of DAQO New Energy in the second quarter valued at about $29,000. Farther Finance Advisors LLC lifted its holdings in shares of DAQO New Energy by 1,650.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,330 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,254 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of DAQO New Energy in the fourth quarter valued at approximately $49,000. Finally, Banque Cantonale Vaudoise grew its position in shares of DAQO New Energy by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 2,579 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 703 shares during the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

DAQO New Energy Trading Down 6.4%

The stock’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $18.27. The firm has a market capitalization of $948.73 million, a PE ratio of -5.04 and a beta of 0.66.

DAQO New Energy Company 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.