Daqo New Energy traded at $21.27 this Tuesday March 31st, increasing $0.59 or 2.85 percent since the previous trading session. Looking back, over the last four weeks, Daqo New Energy gained 10.71 percent. Over the last 12 months, its price rose by 15.04 percent. Looking ahead, we forecast Daqo New Energy to be priced at 20.78 by the end of this quarter and at 19.42 in one year, according to Trading Economics global macro models projections and analysts expectations.
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company's segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company offers wafers through its downstream photovoltaic product manufacturing business. The Company also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The Company's wafer manufacturing annual capacity is approximately 90 million pieces.