DAQO New Energy (NYSE:DQ) Sees Unusually-High Trading Volume – Still a Buy?

DAQO New Energy Corp. (NYSE:DQ) shares saw unusually-strong trading volume on Thursday . 482,555 shares changed hands during trading, a decline of 42% from the previous session’s volume of 837,390 shares.The stock last traded at $14.8150 and had previously closed at $14.05.

DAQO New Energy News Roundup

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

• Positive Sentiment: Polysilicon sales volume recovered: Q2 sales increased to 15,190 metric tons from 4,482 metric tons in Q1, helping revenue rise to $62.7 million from $26.7 million. Why Did Daqo New Energy Sales Volume Rebound This Quarter?
• Positive Sentiment: Losses improved sequentially: Net loss narrowed to $81.2 million, or $1.20 per ADS, from $88.4 million, or $1.31 per ADS, in Q1. EBITDA also improved to negative $29.3 million from negative $83.1 million. Daqo New Energy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Strong liquidity remains a buffer: Cash, investments and related liquid assets totaled approximately $1.92 billion at quarter-end, supporting the company through the industry downturn. Daqo also expects 2026 polysilicon production of 160,000–180,000 metric tons, potentially positioning it to benefit from future solar and AI data-center-related demand. Daqo Projects 2026 Polysilicon Output
• Neutral Sentiment: Production was stable: Q2 output was 43,675 metric tons versus 43,402 metric tons in Q1, while cash production costs edged down to $4.57 per kilogram. However, the company’s total production cost remained $5.95 per kilogram. Daqo New Energy Q2 Results Presentation
• Negative Sentiment: Earnings missed sharply: Daqo reported a $1.20-per-ADS loss, worse than the roughly $0.57 consensus estimate, despite revenue exceeding expectations. Daqo Reports Q2 Loss
• Negative Sentiment: Polysilicon economics deteriorated: The average selling price fell to $4.04 per kilogram from $5.96 in Q1—well below total production cost—driving a gross loss of $82.7 million and a negative 132% gross margin. Analysts characterize the polysilicon market as increasingly oversupplied and pressured. Daqo New Energy in a Negative Polysilicon Market

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DQ shares. Wall Street Zen downgraded DAQO New Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $11.20 price target on shares of DAQO New Energy in a research report on Monday, July 27th. Weiss Ratings raised DAQO New Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Roth Capital set a $19.00 price objective on DAQO New Energy in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their price objective on DAQO New Energy from $35.50 to $22.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.35.

DAQO New Energy Trading Down 9.0%

The stock has a market capitalization of $922.34 million, a price-to-earnings ratio of -4.80 and a beta of 0.66. The firm has a 50-day moving average of $13.14 and a 200 day moving average of $18.24.

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

Institutional Investors Weigh In On DAQO New Energy

Several institutional investors have recently bought and sold shares of DQ. Vanguard Group Inc. grew its position in DAQO New Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,753,947 shares of the semiconductor company’s stock valued at $51,741,000 after buying an additional 15,159 shares in the last quarter. Invesco Ltd. raised its position in shares of DAQO New Energy by 22.6% during the 4th quarter. Invesco Ltd. now owns 1,429,565 shares of the semiconductor company’s stock worth $42,172,000 after buying an additional 263,614 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of DAQO New Energy by 9.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,316,140 shares of the semiconductor company’s stock worth $38,934,000 after buying an additional 110,186 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of DAQO New Energy by 117.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,159,835 shares of the semiconductor company’s stock worth $21,005,000 after buying an additional 625,900 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of DAQO New Energy in the 3rd quarter worth approximately $18,280,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

About DAQO New Energy

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.