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Daqo New Energy Corp. (DQ) [hlAlert]

Rating:
Sell DQ
up 262.99 %

Daqo New Energy (DQ) rated Sell with price target $8 by Collins Stewart

Posted on: Friday,  Jun 3, 2011  8:25 AM ET by Collins Stewart

Collins Stewart rated Sell Daqo New Energy Corp. (NYSE: DQ) on 06/03/2011, when the stock price was $48.75.
Since then, Daqo New Energy Corp. has lost 72.45% as of 01/05/2016's recent price of $13.43.
If you would have followed this Collins Stewart's recommendation on DQ, you would have gained 262.99% of your investment in 1677 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.

Collins Stewart's research department is built around a number of sector-specialist teams. Our analysts are leaders in their area of specialisation and combine deep industry knowledge with decades of stock broking experience to produce insightful, independent sector research. Our research approach encompasses Questâ„¢ principles and focuses on cash-driven valuation techniques. Research is a Collins Stewart cornerstone; it is leveraged throughout the organisation.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/3/2011 8:25 AM Sell
None
48.75 40.00
as of 12/30/2011
1 Week up  1.76 %
1 Month up  22.32 %
3 Months up  52.28 %
1 YTD up  82.87 %

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