Daqo New Energy (ADR)
Supplies high-purity polysilicon to manufacturers across the solar-PV supply chain.
Something off on this page? Send us feedback.
Profile
Manufactures and sells high-purity polysilicon to photovoltaic-product manufacturers. Its sole reportable segment is concentrated in China, where the material enters the solar-PV supply chain.
Manufactures and sells high-purity polysilicon, the material photovoltaic-product makers process into ingots, wafers, cells, and modules. It supplies manufacturers rather than end users, placing its role upstream in the solar-PV supply chain and before finished modules. Polysilicon is the group’s only reportable segment after its former module and wafer businesses were exited.
Production is concentrated in Xinjiang and Inner Mongolia, using a modified Siemens process with upgraded hydrochlorination and a closed-loop system. The NYSE-listed Cayman parent controls Xinjiang Daqo, a separately listed operating subsidiary. Results are shaped by solar-PV supply-demand conditions and polysilicon pricing.
Company facts
Categories
Key statistics
Year to date −53.9% · Average volume (30d) 996.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | New Street | Target | $18.13 | $10 | ||
| Aug 24, 2026 | Goldman Sachs | Downgrade | Neutral | Sell | ||
| Jul 27, 2026 | Goldman Sachs | Reiterate | Neutral | $18.30 | $11.20 | |
| Apr 29, 2026 | Roth Capital | Target | $30 | $19 | ||
| Feb 3, 2026 | New Street | Target | $15.40 | $18.13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | −$0.57 | −$1.20 | −110.5% | $52.9M | $62.7M | +18.4% | +6.62% |
| Apr 29, 2026Q1 FY26 | −$0.13 | −$1.31 | −907.7% | $186.3M | $26.7M | −85.7% | −0.67% |
| Feb 26, 2026Q4 FY25 | −$0.16 | −$0.11 | +31.3% | $273.7M | $221.7M | −19.0% | +0.71% |
| Oct 27, 2025Q3 FY25 | −$0.61 | −$0.22 | +63.9% | $276.9M | $244.9M | −11.6% | −0.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $123.9M | $75.5M | $244.9M | $221.7M | $26.7M | $62.8M | |
| Gross profit | −$81.5M | −$81.7M | $9.7M | $15.4M | −$139.4M | −$82.8M | |
| Operating income | −$114.1M | −$114.7M | −$23.2M | −$20.9M | −$150.8M | −$100.3M | |
| Net income | −$71.8M | −$76.7M | −$14.9M | −$7.3M | −$88.4M | −$81.3M | |
| Diluted EPS | −$1.09 | −$1.15 | −$0.22 | −$0.11 | −$1.30 | −$1.20 | |
| Gross margin | -65.8% | -108.3% | 3.9% | 7.0% | -521.5% | -132.0% | |
| Operating margin | -92.0% | -152.0% | -9.5% | -9.4% | -564.4% | -159.7% |
Fiscal years (4-quarter sums)FY21 $1.68B · FY22 $4.61B · FY23 $2.31B · FY24 $1.03B · FY25 $666.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.79B · Total debt $0 · Total assets $6.34B · Shareholders' equity $4.37B
Dividends
No dividends on record.
Ownership
Shares outstanding 67.67M · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Continental General Insurance Co | 6.64M | 9.82% | 13F | May 14, 2026 |
| Invesco Ltd. | 2.02M | 2.99% | 13F | May 12, 2026 |
| Polunin Capital Partners Ltd | 1.74M | 2.58% | 13F | Apr 15, 2026 |
| Franklin Resources Inc | 1.64M | 2.42% | 13F | May 13, 2026 |
| Mackenzie Financial Corp | 1.38M | 2.03% | 13F | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.