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Daqo New Energy Corp. (DQ) [hlAlert]

Rating:
Buy DQ
down 81.47 %

Daqo New Energy (DQ) rated Buy with price target $22 by Auriga U.S.A

Posted on: Thursday,  Feb 17, 2011  8:25 AM ET by Auriga U.S.A

Auriga U.S.A rated Buy Daqo New Energy Corp. (NYSE: DQ) on 02/17/2011. Previously Auriga U.S.A rated Buy Daqo New Energy Corp. (NYSE: DQ)
on 11/12/2010., when the stock price was $72.50. Since then, Daqo New Energy Corp. has lost 81.48% as of 01/05/2016's recent price of $13.43.
If you would have followed the previous Auriga U.S.A's recommendation on DQ, you would have lost 81.47% of your investment in 1880 days.

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.

Auriga is committed to providing our clients with market information flow, investment ideas and access to industry experts. We strive to provide value through unique industry knowledge. Our growing research practice is being built with domain experts who have a strong reputation amongst institutional investors. Auriga’s research analysts have also been recognized by numerous industry publications including, The Wall Street Journal and Bloomberg. Our bottom-up fundamental approach is data point driven with a primary focus on growth sectors within the technology and healthcare verticals.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2011 8:25 AM Buy
None
68.55 110.00
as of 12/30/2011
1 Week down  -1.76 %
1 Month down  -22.32 %
3 Months down  -52.28 %
1 YTD down  -83.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/12/2010 8:25 AM Buy
None
72.50 100.00

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