DAQO NEW ENERGY CORP: Top-Rated Stock Poised for a Third Wave Breakout

September 1, 2022

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DAQO($NYSE:DQ) New Energy is a polysilicon manufacturer based in China. The company’s stock has been rated highly by Seeking Alpha’s stock rating system, and it is currently poised for a potential third wave breakout. If the third wave breakout occurs, it could mean big things for the company’s stock price and earnings. However, it is important to monitor the situation closely to see how the third wave develops.

Price History

The stock opened on Tuesday at $69.1 and closed at $64.7. The key points that make this stock a top pick are its strong fundamentals, positive technical indicators, and favorable chart patterns.

VI Analysis

DAQO NEW ENERGY CORP has strong fundamentals that reflect its long term potential. The company is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster. DAQO NEW ENERGY CORP has a high health score of 7/10 with regard to its cashflows and debt, indicating that it is capable of paying off its debt and funding future operations. The company is strong in terms of asset, growth, and profitability, but weak in terms of dividend.

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The stock price moved down the same day, but this could be a good opportunity to buy into the company. The company is a leading manufacturer of solar panels and has a strong presence in the Chinese market. The company is also expanding its operations into the US market. The company has a strong financial position and is expected to continue to grow at a rapid pace.

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