Courtesy of Benzinga. Century Bancorp Inc. (NASDAQ: CNBKA) (www.centurybank.com), the parent company of Century Bank and Trust Company, announced today that its Board of Directors has approved a reauthorization of the stock repurchase program. Under the program, the Company is reauthorized to repurchase [...]
Courtesy of Benzinga. Daqo New Energy Corp. (NYSE: DQ) today announced that its board of directors has approved a share repurchase program, effective immediately. The board of directors has authorized Daqo New Energy to repurchase up to US$5 million worth of [...]
Daqo New Energy (DQ) is out this morning slashing guidance for Q2 due to fewer shipments across wafers and modules as well as declining ASP’s. The company now sees revenues in the range of $70 - $71 million vs the previous expectation for $92 - $95 million. They see poly shipments of 970 – 990MT, [...]
Daqo New Energy (DQ) posted strong quarter earnings results this morning leading to a nice surge in the stock above the 50 day moving average. After a healthy run up over the past week, shares are beginning to look much more bullish. The company reported an EPS of .99/share on revenues of $87.3 million [...]
Daqo New Energy (DQ) beat analyst estimates this morning, posting huge quarter over quarter growth in the process. Shares of DQ initially surged at the open, up around 5%, but have gone the way of Jinko Solar (JKS) and given it all back and then some. The company reported an EPS of .95/share on revenues [...]
Daqo New Energy (DQ) will have another good day today. Yesterday, the company was initiated at Buy over at Roth capital with a $15 price target and this morning the company is raising Q4 guidance and announcing expansion plans. They are raising their Q4 shipment guidance from 825 - 850MT to 930 - 950MT and [...]
Auriga is out today reiterating the Buy rating and $20 price target on Daqo New Energy (DQ). The firm believes the company is on schedule to produce 850MT of polysilicon in Q4 which is the top end of guidance and sees poly prices holding firm at $75/kg. They see little downside risk to the shares [...]
After trading stocks for nearly 15 years and covering the markets religiously for nearly 10, there are certain nuances you pick up on. One is the fact that the blogosphere is riddled with misleading headlines and outright errors. Hey, I'm guilty too at times. It always pays to double check and also keep in mind [...]
Auriga is out initiating coverage on Daqo New Energy (DQ) and is considerably bullish, calling the company highly profitable and undervalued. The firm initiates Daqo with a Buy rating and $20 price target (about 40% higher than current levels). ====> Click Here For Your FREE Daqo Technical Analysis Daqo produces high quality, low cost polysilicon [...]
Daqo New Energy Corp. (NYSE: DQ) today announced the closing of its initial public offering of a total of 9,200,000 American Depositary Shares, each representing five ordinary shares of the Company, at a price to the public of $9.50 per ADS.
The offering included 1,200,000 ADSs sold by the Company pursuant to the underwriters' option to purchase additional ADSs, which was exercised in full. Morgan Stanley acted as the sole bookrunner. Piper Jaffray & Co. acted as a co-manager for the...