Media coverage about Daqo New Energy (NYSE:DQ) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Daqo New Energy earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.5367244029464 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Daqo finds quick CEO replacement in former JinkoSolar CFO (pv-tech.org)
- BRIEF-Daqo New Energy Appoints Longgen Zhang As CEO (reuters.com)
- Daqo New Energy Appoints Mr. Longgen Zhang as Chief Executive Officer – PR Newswire (press release) (prnewswire.com)
- Sherwin-Williams Hits New 52-Week High: What's Driving It? (finance.yahoo.com)
- Zacks.com highlights: Broadcom, Arkema SA, Johnson Outdoors, Modine Manufacturing and DAQO New Energy (finance.yahoo.com)
DQ has been the subject of several research reports. Zacks Investment Research cut shares of Daqo New Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Roth Capital set a $65.00 price target on shares of Daqo New Energy and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, TheStreet raised shares of Daqo New Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.67.
Daqo New Energy (NYSE:DQ) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.81. Daqo New Energy had a net margin of 21.42% and a return on equity of 21.51%. research analysts expect that Daqo New Energy will post 7.18 earnings per share for the current fiscal year.
About Daqo New Energy
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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