DAQO New Energy (NYSE:DQ) Issues Earnings Results

DAQO New Energy (NYSE:DQ) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07), Zacks reports. The firm had revenue of $221.71 million during the quarter, compared to analyst estimates of $276.94 million. DAQO New Energy had a negative net margin of 53.74% and a negative return on equity of 5.89%.

Here are the key takeaways from DAQO New Energy’s conference call:

• Q4/2025 showed a financial turnaround with positive EBITDA of $1.7 million, a narrowed net loss attributable to shareholders of $170.5 million, and the company reporting positive operating cash flow for 2025 (company cited roughly $56–66 million).
• Unit costs improved materially — Q4 record low cash cost of $4.46/kg and total production cost of $5.83/kg — and management expects similar Q1/Q2 levels with further reductions in H2 2026.
• Balance sheet strength: the company reported $980 million in cash plus short-term investments, notes and deposits totaling about $2.27 billion of highly liquid assets and no debt, giving strategic flexibility.
• Regulatory and market outlook remains a key driver and uncertainty — China’s “anti-involution” policies, new pricing/energy standards and industry consolidation (SPV activity) aim to curb below-cost selling and excess capacity; management expects a price floor near RMB 53–54/kg and 2026 production guidance of 140,000–170,000 MT, but implementation is multi-year and outcomes are uncertain.

DAQO New Energy Trading Down 5.5%

Shares of DAQO New Energy stock traded down $1.37 on Thursday, reaching $23.73. 1,068,504 shares of the company were exchanged, compared to its average volume of 617,083. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -4.62 and a beta of 0.70. DAQO New Energy has a one year low of $12.40 and a one year high of $36.59. The company has a 50-day moving average of $26.62 and a 200 day moving average of $27.82.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DQ. The Goldman Sachs Group set a $18.30 price objective on DAQO New Energy and gave the stock a “neutral” rating in a report on Wednesday, October 29th. New Street Research set a $18.13 price target on shares of DAQO New Energy in a research note on Tuesday, February 3rd. Glj Research lowered shares of DAQO New Energy from a “buy” rating to a “sell” rating and cut their price objective for the stock from $30.51 to $18.13 in a research report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of DAQO New Energy in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of DAQO New Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.43.

Institutional Trading of DAQO New Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its position in shares of DAQO New Energy by 1.5% in the 4th quarter. Vontobel Holding Ltd. now owns 57,176 shares of the semiconductor company’s stock valued at $1,687,000 after acquiring an additional 836 shares during the period. Quarry LP acquired a new stake in DAQO New Energy in the 3rd quarter valued at about $26,000. Headlands Technologies LLC bought a new position in DAQO New Energy during the second quarter worth about $29,000. Daiwa Securities Group Inc. increased its position in DAQO New Energy by 21.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,300 shares of the semiconductor company’s stock worth $481,000 after buying an additional 2,900 shares during the last quarter. Finally, Compound Planning Inc. increased its position in DAQO New Energy by 19.2% during the fourth quarter. Compound Planning Inc. now owns 19,518 shares of the semiconductor company’s stock worth $576,000 after buying an additional 3,146 shares during the last quarter. 47.22% of the stock is owned by institutional investors.

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.