$DQ - Just Nibbled

Faded breakout today, trading above the 20 x 200 EMAs and currently below the 50 EMA. I like this line of business. I was looking for Lithium refiners and ended up with a silicon refiner instead and I know solar, wind, geothermal stocks are hot this week.

I will buy more on a firm close which is a breakout.


Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.

Here’s a bit more from Zack’s:


Yahoo/Zack’s headline:

Should Value Investors Buy DAQO New Energy (DQ) Stock?
Zacks Equity Research
Thu, July 28, 2022 at 9:40 AM·2 min read


DAQO New Energy (DQ) is a stock many investors are watching right now. DQ is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.

We should also highlight that DQ has a P/B ratio of 1.35. The P/B ratio pits a stock’s market value against its book value, which is defined as total assets minus total liabilities. This company’s current P/B looks solid when compared to its industry’s average P/B of 3.55. Over the past year, DQ’s P/B has been as high as 4.14 and as low as 0.84, with a median of 1.35.

Finally, we should also recognize that DQ has a P/CF ratio of 3.62. This data point considers a firm’s operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company’s current P/CF looks solid when compared to its industry’s average P/CF of 9.08. Over the past year, DQ’s P/CF has been as high as 10.35 and as low as 2.25, with a median of 4.16.

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