Daqo New Energy (NYSE: DQ) is one of 11 public companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it compare to its rivals? We will compare Daqo New Energy to related businesses based on the strength of its analyst recommendations, risk, profitability, earnings, valuation, dividends and institutional ownership.
Risk and Volatility
Daqo New Energy has a beta of 2.05, indicating that its stock price is 105% more volatile than the S&P 500. Comparatively, Daqo New Energy’s rivals have a beta of 1.49, indicating that their average stock price is 49% more volatile than the S&P 500.
This is a breakdown of recent recommendations and price targets for Daqo New Energy and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Daqo New Energy||0||0||2||0||3.00|
|Daqo New Energy Competitors||176||585||861||58||2.48|
Daqo New Energy currently has a consensus price target of $52.50, indicating a potential upside of 6.69%. As a group, “Photovoltaic Solar Systems & Equipment” companies have a potential downside of 3.56%. Given Daqo New Energy’s stronger consensus rating and higher probable upside, equities analysts clearly believe Daqo New Energy is more favorable than its rivals.
Earnings & Valuation
This table compares Daqo New Energy and its rivals revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Daqo New Energy||$229.10 million||$43.49 million||8.35|
|Daqo New Energy Competitors||$1.32 billion||-$58.64 million||-0.60|
Daqo New Energy’s rivals have higher revenue, but lower earnings than Daqo New Energy. Daqo New Energy is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Institutional and Insider Ownership
27.4% of Daqo New Energy shares are held by institutional investors. Comparatively, 41.8% of shares of all “Photovoltaic Solar Systems & Equipment” companies are held by institutional investors. 16.0% of shares of all “Photovoltaic Solar Systems & Equipment” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
This table compares Daqo New Energy and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Daqo New Energy||21.42%||21.51%||9.72%|
|Daqo New Energy Competitors||-11.98%||-119.78%||-2.29%|
Daqo New Energy beats its rivals on 9 of the 13 factors compared.
Daqo New Energy Company Profile
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company offers wafers through its downstream photovoltaic product manufacturing business. The Company also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The Company’s wafer manufacturing annual capacity is approximately 90 million pieces.
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