Are Oils-Energy Stocks Lagging DAQO New Energy (DQ) This Year?

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Daqo New Energy (DQ) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Daqo New Energy is a member of the Oils-Energy sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Daqo New Energy is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for DQ's full-year earnings has moved 24.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that DQ has returned about 60.8% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 7.6% on a year-to-date basis. This shows that Daqo New Energy is outperforming its peers so far this year.Another stock in the Oils-Energy sector, FTC Solar (FTCI), has outperformed the sector so far this year. The stock's year-to-date return is 63.3%.The consensus estimate for FTC Solar's current year EPS has increased 9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Daqo New Energy is a member of the Solar industry, which includes 13 individual companies and currently sits at #38 in the Zacks Industry Rank. On average, stocks in this group have gained 31.5% this year, meaning that DQ is performing better in terms of year-to-date returns. FTC Solar is also part of the same industry.Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Daqo New Energy and FTC Solar as they could maintain their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DAQO New Energy Corp. (DQ): Free Stock Analysis Report FTC Solar, Inc. (FTCI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks