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Daqo New Energy Corp. (DQ) [hlAlert]

Rating:
Equal-Weight
DQ

Daqo New Energy Corp. (DQ) rated Equal-Weight by Morgan Stanley

Posted on: Wednesday,  Nov 11, 2015  10:25 AM ET by Morgan Stanley

Daqo New Energy Corp.
(NYSE: DQ) rated Equal-Weight by Morgan Stanley.

Daqo New Energy Corp. (Daqo Cayman) is a polysilicon manufacturer based in China. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. As of June 30, 2010, Daqo Cayman had an installed annual polysilicon production capacity of 3,300 metric tons. Substantially all of its production, storage, administrative, and research and development facilities are located in Chongqing, China. During the year ended December 31, 2009, Daqo Cayman produced 1,523 metric tons of polysilicon and sold 1,498 metric tons. In July and August 2010, the Company produced approximately 671 metric tons of polysilicon, sold approximately 643 metric tons to customers and used approximately 17 metric tons of its polysilicon to process wafers through tolling arrangements with third party wafer manufacturers.

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/11/2015 10:25 AM Hold
None
14.22
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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