# Daqo New Energy Corp. (DQ)

> Source: Nexqual · https://nexqual.com/DQ · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Daqo New Energy Corp. (DQ), nexqual.com/DQ" · informational, not investment advice.

**Price:** USD 10.91 (-0.73% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 10.99 · day 10.48–10.94 · 52w 9.89–36.59 · market cap $738M · NYQ

## Key facts
- Analysts: Buy (mean 2.00 on a 1–5 scale) (7 analysts), mean target USD 17.91 (range 10–31.87).
- Total return with dividends: 1Y -64.2% vs S&P 500 +13.6%; 5Y -86.0% vs S&P 500 +79.8%.
- Next earnings: 2026-10-27, EPS estimate USD -0.9, revenue estimate $65.0M.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 7 analysts; mean target USD 17.91 (low 10, high 31.87).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | JP Morgan | Target lowered | Overweight | $22 → $18.5 |
| 2026-07-31 | JP Morgan | Target lowered | Overweight | $35.5 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -64.2% | -86.0% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -64.3% | -32.4% |
| Volatility (annualized) | 56.3% | 63.0% |
| Max drawdown | -71.8% (Nov 2025→Oct 2026) | -86.9% (Oct 2021→Oct 2026) |

## Peers (Semiconductor Equipment & Materials)
ICHR (Ichor Holdings) USD 43.08 +5.72% · PLAB (Photronics, Inc.) USD 29.34 +1.80% · AEHR (Aehr Test Systems) USD 64.54 +0.92% · COHU (Cohu, Inc.) USD 53.14 +4.24% · UCTT (Ultra Clean Holdings, Inc.) USD 55.88 +8.55% · VECO (Veeco Instruments Inc.) USD 43.84 -0.02%

## More
Full page: https://nexqual.com/DQ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DQ's own 20-F filed 2026-04-20 (https://www.sec.gov/Archives/edgar/data/1477641/000110465926045134/dq-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Siemens | "We utilize the chemical vapor deposition process, or the "modified Siemens process," with upgraded Hydrochlorination technology, to produce polysilicon, and have fully implemented the closed loop system to produce high-q…" |
| Partner | JNE Solar | "Through Daqo Canada, we set up a joint venture with JNE Solar Inc., a party unrelated to us prior to this transaction, in Hamilton, Ontario." |
| Partner | GTAT | "In August 2011, Chongqing Daqo entered into a Technology License and Transfer Agreement with GTAT Corporation, a Delaware company, under which GTAT granted us a license to use its Hydrochlorination TCS Production Technol…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $-0.90 | $-0.43 | −$0.47 | $65.0M | 1 |
| Next quarter (ends 2027-03-31) | — | — | — | $0 | — |
| Current fiscal year (ends 2026-12-31) | $-3.71 | $-2.60 | −$1.11 | $363.3M | 1 |
| Next fiscal year (ends 2027-12-31) | $-2.26 | $-1.71 | −$0.54 | $632.0M | 3 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 23 | 60.4% | ±12.1% |
| 2026-12-18 | 51 | 53.9% | ±16.0% |
| 2027-01-15 | 79 | 58.0% | ±21.5% |
| 2027-04-16 | 170 | 57.5% | ±30.9% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Sep 30, 2026 | −$0.78 | −$0.48 | Miss −62.5% | — |
| — | Quarter ended Jun 30, 2026 | −$1.20 | −$0.57 | Miss −110.5% | — |
| — | Quarter ended Mar 31, 2026 | −$1.31 | −$0.11 | Miss −1090.9% | — |
| — | Quarter ended Dec 31, 2025 | −$0.11 | −$0.25 | Beat +56.0% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-13 | 6-K | Current report (foreign issuer) · period ended Oct 13, 2026 | https://www.sec.gov/Archives/edgar/data/1477641/000110465926115480/0001104659-26-115480-index.htm |
| 2026-08-20 | 6-K | Current report (foreign issuer) · period ended Aug 20, 2026 | https://www.sec.gov/Archives/edgar/data/1477641/000110465926099218/0001104659-26-099218-index.htm |
| 2026-08-06 | 6-K | Current report (foreign issuer) · period ended Aug 6, 2026 | https://www.sec.gov/Archives/edgar/data/1477641/000110465926091658/0001104659-26-091658-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.