5 Undervalued Stocks to Buy Now

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In this article, we will discuss our list of the 5 undervalued stocks to buy now. If you want to read our comprehensive analysis of undervalued stocks, go directly to 10 Undervalued Stocks to Buy Now.

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

Number of Hedge Fund Holders: 18

PE Ratio: 4.69

Daqo New Energy Corp. (NYSE:DQ) is a Shanghai-based holding company which makes and sells polysilicon products. The firm posted an EPS of $3.84 for the third quarter, beating estimates by $1.19. Daqo New Energy Corp. (NYSE:DQ) posted $585.78 million in revenue for Q3, which beat consensus estimates by $37.55 million.

As of the third quarter, 18 hedge funds were long Daqo New Energy Corp. (NYSE:DQ), as compared to 17 hedge funds a quarter ago.

On November 1, Roth Capital analyst Philip Shen kept a ‘Neutral’ rating on Daqo New Energy Corp. (NYSE:DQ) stock, increasing the price target from $52 to $79. The analyst sees the company well-positioned to increase earnings in 2022 owing to the continuing upward trend in poly average selling prices.

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