Daqo New Energy Corp. (DQ) Reaches $70.61 52-Week High; PENNON GROUP PLC (PEGRF) Shorts Down By 0.15%

January 16, 2018 - By Linda Rogers

PENNON GROUP PLC (OTCMKTS:PEGRF) had a decrease of 0.15% in short interest. PEGRF’s SI was 1.47 million shares in January as released by FINRA. Its down 0.15% from 1.47 million shares previously. With 100 avg volume, 14721 days are for PENNON GROUP PLC (OTCMKTS:PEGRF)’s short sellers to cover PEGRF’s short positions. It closed at $10.25 lastly. It is down 0.00% since January 16, 2017 and is . It has underperformed by 16.70% the S&P500.

The stock of Daqo New Energy Corp. (NYSE:DQ) hit a new 52-week high and has $76.96 target or 9.00% above today’s $70.61 share price. The 6 months bullish chart indicates low risk for the $742.75 million company. The 1-year high was reported on Jan, 16 by Barchart.com. If the $76.96 price target is reached, the company will be worth $66.85M more. The stock increased 3.47% or $2.37 during the last trading session, reaching $70.61. About 128,464 shares traded. Daqo New Energy Corp. (NYSE:DQ) has declined 5.57% since January 16, 2017 and is downtrending. It has underperformed by 22.27% the S&P500.

Analysts await Daqo New Energy Corp. (NYSE:DQ) to report earnings on March, 6. They expect $1.69 EPS, up 212.96% or $1.15 from last year’s $0.54 per share. DQ’s profit will be $17.78M for 10.45 P/E if the $1.69 EPS becomes a reality. After $2.22 actual EPS reported by Daqo New Energy Corp. for the previous quarter, Wall Street now forecasts -23.87% negative EPS growth.

Among 3 analysts covering Daqo New Energy (NYSE:DQ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Daqo New Energy had 13 analyst reports since August 12, 2015 according to SRatingsIntel. As per Monday, October 16, the company rating was maintained by Roth Capital. The stock has “Buy” rating by Roth Capital on Friday, August 4. The firm has “Buy” rating by Roth Capital given on Thursday, November 16. Northland Capital initiated it with “Outperform” rating and $37 target in Friday, December 18 report. The firm has “Buy” rating by Roth Capital given on Monday, June 5. The company was maintained on Friday, May 26 by Roth Capital. Roth Capital maintained Daqo New Energy Corp. (NYSE:DQ) rating on Friday, July 14. Roth Capital has “Buy” rating and $3500 target. Roth Capital maintained it with “Buy” rating and $3500 target in Sunday, August 13 report. The company was maintained on Monday, December 4 by Roth Capital. The firm has “Buy” rating by Roth Capital given on Friday, November 3.

Daqo New Energy Corp., together with its subsidiaries, makes and sells polysilicon and wafers in the PeopleÂ’s Republic of China. The company has market cap of $742.75 million. It operates through two divisions, Polysilicon and Wafers. It has a 11.76 P/E ratio. The firm offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

Pennon Group Plc engages in the environmental infrastructure businesses worldwide. The company has market cap of $4.35 billion. The firm operates through Water, and Waste Management divisions. It has a 17.08 P/E ratio. The Water segment comprises the regulated water and wastewater services for clients in Cornwall, Devon, and parts of Dorset and Somerset serving 1.7 million customers; and water services in the areas of Dorset, Hampshire, and Wiltshire serving approximately 0.5 million customers.

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