Daqo New Energy ADR had its Relative Strength (RS) Rating upgraded from 87 to 93 Wednesday.
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This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new climb.
While now is not an ideal time to buy shares, see if the stock is able to offer and clear a proper buy point.
Daqo New Energy ADR showed 0% EPS growth in the latest quarterly report, while sales growth came in at -70%. Look for the next report on or around Jul. 31.
The company holds the No. 9 rank among its peers in the Energy-Solar industry group. Nextracker, SunRun and SolarEdge Technologies are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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