#5 - Daqo New Energy (NYSE:DQ)
Another international company to make the list is Daqo New Energy (NYSE: DQ). The Chinese company manufactures the monocrystalline silicon and polysilicon that is used in solar panel production. Like several of the stocks on this list, Daqo stock is down on the year. Being a Chinese company there may be many reasons for that dip. But certainly, the delay of the infrastructure bill is weighing on all solar stocks.
However, one of the best ways to assess a company’s short-term fortunes is to look at what the analysts have to say. And analysts are bullish on DQ stock. The consensus opinion of analysts is for the stock to climb to $88.92; that’s a gain of over 50% from its current price.
And with the company due to report earnings in mid-August, that could be revised upwards. At that time, the company is expected to post earnings of $3.29 on revenue of $389.15 million. That would be a revenue increase of over 100% from the prior-year quarter.
About Daqo New Energy
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
Read More - Current Price
- $17.51
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $22.26 (27.1% Upside)
