Green Alpha Advisors LLC Has $419,000 Stock Holdings in Daqo New Energy Corp. (NYSE:DQ)

Green Alpha Advisors LLC lowered its stake in Daqo New Energy Corp. (NYSE:DQ) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,545 shares of the semiconductor company’s stock after selling 2,332 shares during the quarter. Green Alpha Advisors LLC’s holdings in Daqo New Energy were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp increased its position in shares of Daqo New Energy by 6.4% during the 2nd quarter. Mackenzie Financial Corp now owns 2,496,997 shares of the semiconductor company’s stock worth $36,456,000 after purchasing an additional 149,610 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of Daqo New Energy by 103.9% in the second quarter. Sylebra Capital LLC now owns 943,692 shares of the semiconductor company’s stock valued at $13,778,000 after buying an additional 480,980 shares in the last quarter. State Street Corp grew its stake in shares of Daqo New Energy by 1.1% in the third quarter. State Street Corp now owns 842,921 shares of the semiconductor company’s stock valued at $17,170,000 after buying an additional 8,983 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Daqo New Energy during the second quarter worth $11,080,000. Finally, Marshall Wace LLP raised its position in Daqo New Energy by 112.3% during the second quarter. Marshall Wace LLP now owns 322,635 shares of the semiconductor company’s stock worth $4,710,000 after acquiring an additional 170,660 shares in the last quarter. Institutional investors own 47.22% of the company’s stock.

Analyst Upgrades and Downgrades

DQ has been the subject of a number of analyst reports. StockNews.com raised shares of Daqo New Energy to a “sell” rating in a research report on Monday, September 23rd. Daiwa Capital Markets upgraded Daqo New Energy from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 30th. HSBC upgraded Daqo New Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Daiwa America upgraded Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $22.26.

Daqo New Energy Stock Down 5.9 %

Shares of DQ stock opened at $19.27 on Monday. Daqo New Energy Corp. has a 12-month low of $13.62 and a 12-month high of $30.85. The firm has a 50 day moving average price of $19.78 and a two-hundred day moving average price of $18.34. The company has a market capitalization of $1.27 billion, a PE ratio of -10.42 and a beta of 0.28.

Daqo New Energy (NYSE:DQ) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.12). Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $186.90 million. During the same period in the previous year, the business posted ($0.09) earnings per share. As a group, research analysts expect that Daqo New Energy Corp. will post -3.5 EPS for the current year.

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.