DQ
Daqo New Energy Corp.
NYSEUSDEQUITY
Technology
DELAYED
Sell
-43/100
Last price
11.08
▲ 0.04 (0.36%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
11.05
Prev close
11.04
Day high
11.24
Day low
10.97
Volume
522.88K
Market cap
$749.74M
P/E (TTM)
—
52W range
10.87 – 36.59
Day trading desk
Gap from prior close
+0.09%
Prior close 11.04
VWAP
11.09
-0.10% from price
Relative volume
1.14×
Normal
Session range
2.46%
10.97 – 11.24
Position in range
41%
Mid range
ATR (14D)
0.45
4.06% of price
Prior day high
11.08
PDH
Prior day low
10.87
PDL
Bid / ask spread
—
Quote not published
Session volume
981.85K
Avg 859.76K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.29%
-4.2%
1M
-9.99%
-11.1%
3M
-6.73%
-11.3%
6M
-47.06%
-65.2%
YTD
-62.44%
-76.7%
1Y
-61.74%
-78.2%
3Y
-63.40%
-145.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on DQ open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
14.31M
Total on file
Fundamentals
Market cap$749.74M
Enterprise value$504.71M
Revenue (TTM)$555.69M
Gross profit$-196.98M
EBITDA$-44.02M
Net income$-191.72M
EPS (TTM)$-2.85
Free cash flow$-363.05M
Total cash$1.73B
Total debt$0
Book value / share$64.64
Shares outstanding67.67M
Float43.18M
Short % of float10.82%
Dividend yield0.00%
Beta (5Y)0.67
Valuation & profitability ratios
Trailing P/E—
Forward P/E-4.24
PEG ratio0.15
Price / sales—
Price / book0.17
EV / revenue0.91
EV / EBITDA-11.47
Gross margin-35.45%
Operating margin-156.53%
Profit margin-34.50%
Return on equity-4.43%
Return on assets-2.85%
Debt / equity—
Current ratio5.81
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | — | $1.03B | $2.31B | $4.61B | $1.68B | — |
| Operating revenue | — | $1.03B | $2.31B | $4.61B | $1.68B | — |
| Cost of revenue | — | $1.24B | $1.39B | $1.20B | $581.59M | — |
| Gross profit | — | -$212.93M | $920.65M | $3.41B | $1.10B | — |
| Research & development | — | $4.56M | $10.12M | $10.04M | $6.50M | — |
| Selling, general & admin | — | $143.09M | $213.24M | $354.07M | $39.90M | — |
| Total operating expense | — | $175.53M | $137.22M | $367.30M | $45.79M | — |
| Operating income | — | -$388.46M | $783.43M | $3.04B | $1.05B | — |
| Net interest income | — | $30.22M | $52.30M | $14.47M | -$20.48M | — |
| Pre-tax income | — | -$518.06M | $818.47M | $3.06B | $1.03B | — |
| Tax provision | — | -$69.91M | $165.59M | $577.25M | $170.10M | — |
| Net income | — | -$345.21M | $429.55M | $1.82B | $748.92M | — |
| Net income to common | — | -$345.21M | $429.55M | $1.82B | $748.92M | — |
| Basic EPS | -2.53 | -5.22 | 5.64 | 24.51 | — | +51.5% |
| Diluted EPS | -2.53 | -5.22 | 5.62 | 23.86 | — | +51.5% |
| EBIT | — | -$388.46M | $783.43M | $3.04B | $1.05B | — |
| EBITDA | — | -$182.11M | $932.32M | $3.15B | $1.13B | — |
| Basic shares | 67.35M | 66.16M | 74.72M | 75.87M | — | +1.8% |
| Diluted shares | 67.35M | 66.16M | 74.96M | 77.29M | — | +1.8% |
| Line item | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.01B | $3.04B | $3.50B | $723.77M | -66.9% |
| Cash & short-term investments | $2.10B | $3.04B | $3.51B | $1.00B | -30.8% |
| Inventory | $149.94M | $173.27M | $169.52M | $327.77M | -13.5% |
| Total current assets | $2.63B | $3.58B | $4.89B | $1.74B | -26.4% |
| Property, plant & equipment | $3.50B | $3.63B | $2.61B | $1.56B | -3.5% |
| Goodwill & intangibles | $152.87M | $150.36M | $80.33M | $40.74M | +1.7% |
| Total assets | $6.42B | $7.43B | $7.59B | $3.34B | -13.6% |
| Total current liabilities | $521.24M | $836.43M | $736.54M | $550.50M | -37.7% |
| Current debt | $6.82M | — | $20.69M | — | — |
| Total debt | $6.82M | — | $20.69M | $0 | — |
| Total liabilities | $560.38M | $978.58M | $989.49M | $679.82M | -42.7% |
| Retained earnings | $2.98B | $3.33B | $2.90B | $1.08B | -10.4% |
| Shareholder equity | $4.36B | $4.76B | $4.81B | $2.16B | -8.4% |
| Working capital | $2.11B | $2.74B | $4.15B | $1.19B | -23.0% |
| Net tangible assets | $4.21B | $4.61B | $4.73B | $2.12B | -8.7% |
| Shares issued | 421.52M | 415.62M | 405.62M | 377.18M | +1.4% |
| Line item | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|
| Net income | -$448.15M | $652.89M | $2.48B | $864.85M | -168.6% |
| Depreciation & amortisation | $206.36M | $148.89M | $107.10M | $77.37M | +38.6% |
| Stock-based compensation | $71.79M | $141.92M | $307.45M | $10.08M | -49.4% |
| Change in working capital | -$555.37M | $657.80M | -$448.95M | -$318.84M | -184.4% |
| Operating cash flow | -$435.42M | $1.62B | $2.46B | $638.99M | -126.9% |
| Capital expenditure | -$368.92M | -$1.19B | -$1.25B | -$508.26M | +68.9% |
| Investing cash flow | -$1.48B | -$1.20B | -$998.42M | -$781.89M | -23.8% |
| Share buybacks | -$12.65M | -$522.13M | -$124.93M | $0 | +97.6% |
| Financing cash flow | -$47.36M | -$795.40M | $1.47B | $736.23M | +94.0% |
| Free cash flow | -$804.34M | $429.20M | $1.21B | $130.73M | -287.4% |
| End cash position | $1.04B | $3.05B | $3.52B | $723.97M | -65.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $62.66M | $26.72M | — | $244.60M | $75.19M | $123.91M | +134.5% |
| Operating revenue | $62.66M | $26.72M | — | $244.60M | $75.19M | $123.91M | +134.5% |
| Cost of revenue | $145.37M | $166.09M | — | $234.95M | $156.59M | $205.45M | -12.5% |
| Gross profit | -$82.71M | -$139.37M | — | $9.65M | -$81.41M | -$81.53M | +40.7% |
| Research & development | $1.55M | $783.00K | — | $559.00K | $796.00K | $507.00K | +98.0% |
| Selling, general & admin | $15.83M | $12.16M | — | $32.29M | $32.12M | $35.09M | +30.2% |
| Total operating expense | $15.37M | $11.45M | — | $29.96M | $33.58M | $32.52M | +34.3% |
| Operating income | -$98.08M | -$150.81M | — | -$20.30M | -$114.99M | -$114.05M | +35.0% |
| Net interest income | $2.40M | $2.52M | — | $2.94M | $1.59M | $2.67M | -4.4% |
| Pre-tax income | -$90.83M | -$143.31M | — | -$11.89M | -$106.82M | -$105.01M | +36.6% |
| Tax provision | $21.54M | -$21.64M | — | $2.96M | -$8.17M | -$12.27M | +199.5% |
| Net income | -$81.15M | -$88.38M | — | -$14.92M | -$76.48M | -$71.84M | +8.2% |
| Net income to common | -$81.15M | -$88.38M | — | -$14.92M | -$76.48M | -$71.84M | +8.2% |
| Basic EPS | -1.20 | -1.31 | -0.11 | -0.22 | -1.14 | — | +8.4% |
| Diluted EPS | -1.20 | -1.31 | -0.11 | -0.22 | -5.70 | — | +8.4% |
| EBIT | -$98.08M | -$150.81M | — | -$20.30M | -$114.99M | -$114.05M | +35.0% |
| EBITDA | -$98.08M | -$150.81M | — | -$20.30M | -$114.99M | -$114.05M | +35.0% |
| Basic shares | 67.67M | 67.67M | 67.67M | 67.55M | 67.24M | — | 0.0% |
| Diluted shares | 67.67M | 67.67M | 67.67M | 67.55M | 13.45M | — | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $555.32M | $559.42M | $551.56M | $598.58M | $791.93M | -0.7% |
| Cash & short-term investments | $1.79B | $1.92B | $2.02B | $1.98B | $2.09B | -6.9% |
| Accounts receivable | $72.02M | $20.78M | $156.99M | $49.06M | $62.82M | +246.6% |
| Inventory | $363.46M | $258.28M | $121.44M | $167.60M | $125.92M | +40.7% |
| Total current assets | $2.59B | $2.56B | $2.61B | $2.52B | $2.58B | +0.9% |
| Property, plant & equipment | $3.39B | $3.40B | $3.41B | $3.45B | $3.46B | -0.2% |
| Goodwill & intangibles | $159.12M | $157.39M | $154.16M | $154.08M | $152.85M | +1.1% |
| Total assets | $6.34B | $6.34B | $6.34B | $6.29B | $6.31B | +0.0% |
| Total current liabilities | $445.03M | $425.74M | $462.35M | $446.81M | $458.76M | +4.5% |
| Total liabilities | $478.00M | $449.58M | $497.35M | $483.13M | $497.34M | +6.3% |
| Shareholder equity | $4.37B | $4.39B | $4.35B | $4.33B | $4.33B | -0.4% |
| Working capital | $2.14B | $2.14B | $2.15B | $2.08B | $2.12B | +0.2% |
| Net tangible assets | $4.21B | $4.24B | $4.20B | $4.17B | $4.18B | -0.5% |
| Shares issued | 338.33M | 426.09M | — | 335.28M | 423.05M | -20.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$112.37M | -$121.67M | -$14.84M | -$98.65M | -$92.73M | +7.6% |
| Change in working capital | -$123.99M | -$185.91M | -$37.48M | -$91.24M | -$69.94M | +33.3% |
| Operating cash flow | -$128.72M | -$147.51M | $55.42M | -$66.56M | -$38.88M | +12.7% |
| Capital expenditure | -$26.46M | -$28.69M | -$32.50M | -$30.17M | -$57.63M | +7.8% |
| Investing cash flow | $116.16M | -$275.77M | -$106.20M | -$131.66M | -$211.01M | +142.1% |
| Financing cash flow | $0 | -$7.79M | $0 | -$32.00K | $0 | +100.0% |
| Free cash flow | -$155.18M | -$176.20M | $22.92M | -$96.73M | -$96.51M | +11.9% |
| End cash position | $555.32M | $559.42M | $551.56M | $598.58M | $791.93M | -0.7% |
Options analytics
Put / call volume
0.33
Call-heavy session
Put / call open interest
120.07
Positioning, not flow
Max pain
22.00
+98.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
180
Contracts, this expiry
Put volume
59
Contracts, this expiry
Heaviest call OI
30.00
44 contracts
Heaviest put OI
17.00
12.55K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.57 | -1.20 | -110.5% |
| Mar 2026 | -0.11 | -1.31 | -1,090.9% |
| Dec 2025 | -0.25 | -0.11 | +56.0% |
| Sep 2025 | -0.76 | 0.05 | +106.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.48 | 1 | $61.90M | -74.7% |
| Next quarter | -0.90 | 1 | $64.99M | -70.7% |
| Current year | -3.91 | 2 | $276.01M | -58.5% |
| Next year | -2.61 | 2 | $728.27M | +163.9% |
Analyst targets & ownership
Mean target$19.65
High target$31.87
Low target$10.00
Implied upside77.30%
Analyst count6
ConsensusBUY
Strong buy / Buy2 / 3
Hold1
Sell / Strong sell1 / 0
Held by insiders21.14%
Held by institutions51.29%
Institutions holding167
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.28
-1.75% from price
SMA 20
11.52
-3.84% from price
SMA 50
12.74
-13.01% from price
SMA 100
13.58
-18.41% from price
SMA 200
18.74
-40.87% from price
EMA 12
11.36
-2.46% from price
EMA 26
11.83
-6.35% from price
EMA 50
12.51
-11.40% from price
RSI (14)
38.4
Neutral
MACD (12,26,9)
-0.47
Hist -0.00
ATR (14)
0.45
4.06% of price
Realised vol 30D
40.4%
Annualised
Bollinger upper
12.32
20, 2σ
Bollinger lower
10.73
20, 2σ
50 / 200 cross
Death
12.74 vs 18.74
Trend bias
Below 200
-40.87%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.84
More volatile than market
Correlation to SPY
0.40
Loosely linked
Realised vol 30D
40.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-69.5%
Peak to trough
Max drawdown 5Y
-86.0%
Peak to trough
ATR 14
0.45
4.06% of price
Beta (reported)
0.67
5Y monthly, from filing
Short interest
Shares short
4.67M
Prior 4.28M
Change vs prior
+9.3%
Shorts adding
% of float
10.82%
Elevated
% of shares out
6.91%
Against total outstanding
Days to cover
4.7
Liquid
Float
43.18M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 31, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Feb 3, 26 | GLJ Research | DOWNGRADE | Buy | Sell |
| Oct 28, 25 | Roth Capital | MAINTAINED | Neutral | Neutral |
| Sep 8, 25 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 26, 25 | GLJ Research | MAINTAINED | Buy | Buy |
| Jul 18, 25 | Citigroup | INITIATED | — | Buy |
| Jul 10, 25 | GLJ Research | UPGRADE | Sell | Buy |
| Apr 15, 25 | Goldman Sachs | DOWNGRADE | Buy | Neutral |
| Oct 9, 24 | Daiwa Capital | DOWNGRADE | Outperform | Hold |
| Aug 28, 24 | Roth MKM | MAINTAINED | Neutral | Neutral |
| Aug 27, 24 | HSBC | UPGRADE | Reduce | Hold |
| Aug 26, 24 | Jefferies | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split5:1
Split dateNov 17, 2020
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-20
Corporate Changes & Voting Matters
6-K · 2026-08-06
Corporate Changes & Voting Matters
6-K · 2026-06-03
Corporate Changes & Voting Matters
6-K · 2026-04-29
Periodic Financial Reports
20-F · 2026-04-20
Corporate Changes & Voting Matters
6-K · 2026-04-15
Corporate Changes & Voting Matters
6-K · 2026-03-02
Corporate Changes & Voting Matters
6-K · 2026-02-12
Headlines
Daqo New Energy (DQ) Stock Sees Fair Value Cut After Split Analyst Calls
Simply Wall St. · 2d ago
Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot
Insider Monkey · 41d ago
Daqo (DQ) Has $1.9B in Liquidity and a Negative Gross Margin. Which Number Matters More?
Insider Monkey · 42d ago
Why Did Daqo New Energy (DQ) Shares Move Today?
Simply Wall St. · 43d ago
How Widening Losses and Below‑Cost Polysilicon Pricing Could Impact Daqo New Energy (DQ) Investors
Simply Wall St. · 47d ago
Daqo New Energy Corp (DQ) (Q2 2026) Earnings Call Highlights: Navigating Polysilicon Price ...
GuruFocus.com · 47d ago
DAQO New Energy Q2 Earnings Call Highlights
MarketBeat · 48d ago
Pre-Markets Down Despite Strong Claims, Philly Fed
Zacks · 48d ago
PRIVATE STRATEGY · BY QUALIFICATION
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