5 Most Profitable Growth Stocks Now

3. Daqo New Energy Corp. (NYSE:DQ)

Net Income (TTM) as of March 17, 2023: $1.86 billion

Daqo New Energy Corp. (NYSE:DQ) is a photovoltaics company based in China. The company manufactures and sells polysilicon and silicon wafer. These products are used in ingots, cells, wafers, and modules for solar power solutions. The company’s manufacturing facility in Xinjiang has an annual production capacity of 70,000 metric tons of polysilicon.

On February 28, 2023, the company reported its fourth-quarter 2022 results. The revenue for the quarter stood at $864.25 million, falling short of market expectations by $12.56 million. The Normalized EPS stood at $5.11, missing market estimates by $0.56.