DAQO New Energy Corp. – Consensus Indicates Potential 25% Upside

DAQO New Energy Corp. found using ticker (DQ) now have 14 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 178 and 22.14 calculating the average target price we see 97.37.

Now with the previous closing price of 77.96 this now indicates there is a potential upside of 24.9%. There is a 50 day moving average of 74.56 and the 200 day moving average is 74.36. The market capitalisation for the company is $5,336m.

Daqo New Energy (DQ) Stock: $70 Target By Roth Capital

  • The shares of Daqo New Energy Corp. (NYSE: DQ) have received a price target decrease from $97 to $70 by Roth Capital. These are the details.

The shares of Daqo New Energy Corp. (NYSE: DQ) have received a price target decrease from $97 to $70 by Roth Capital. And Roth Capital analyst Philip Shen is maintaining a “Neutral” rating on the company shares.

Shen pointed out that the company had delivered a first quarter miss, but had modestly increased the Q2 2021 guidance. The outlook for poly pricing is appearing to be quite strong through the end of next year.

Even though the China IPO is continuing to be delayed, the company management believes it could be done in July — which should be a positive catalyst. But the Xinjiang forced labor issue could be a political risk.

About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People’s Republic of China. The photovoltaic product manufactures further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

It offers ready-to-use polysilicon, and packaged to meet crucible stacking, pulling, and solidification products. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009.

Daqo New Energy Corp. was founded in 2006 and is headquartered in Shanghai, the People’s Republic of China.

You can visit the company’s website by visiting: http://www.dqsolar.com