DAQO NEW ENERGY CORP.
At today's price, DAQO NEW ENERGY CORP. (DQ) is priced for today's economics sustained for ~6.8 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Daqo trades at $14.19, right around its book-value floor near $13.09 per share, with a net cash position of about $753 million against roughly $103 million of debt: the price is paying for assets and cash, not for current earnings. The core polysilicon business is at the bottom of a severe oversupply cycle: Q1 2026 revenue fell to $26.7 million, gross loss was $139.4 million, gross margin was negative 521.5%, and sales volume collapsed to 4,482 metric tons as the company declined to sell at cas
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117 institutional managers reported holding DQ in 13F filings for the quarter ended 2026-03-31. Together they hold about 8% of the company; the top 10 hold 6%. 14 opened new positions that quarter. Held by Invesco, Vanguard Group, Franklin Resources, among others. On the short side, 3.8M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DQ has cut its share count 8.8% over the past five years, spending $615.86M on repurchases. It pays no dividend. Cash returned over the past three years: $490.93M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Last analyzed: June 27, 2026
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