Daqo New Energy Corp rises amid market gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23 Jan 26
Daqo New Energy Corp's stock rose by 11.24% as it crossed above its 5-day SMA, reflecting positive momentum in the market.
The increase in Daqo's stock price comes amid broader market strength, with the Nasdaq-100 and S&P 500 both showing gains. This upward movement indicates a favorable sentiment towards renewable energy stocks, particularly as investors are increasingly focused on sustainable energy solutions.
The implications of this price movement suggest that Daqo New Energy Corp may continue to attract investor interest, especially as the demand for clean energy technologies grows.
Analyst Views on DQ
Wall Street analysts forecast DQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DQ is 28.77 USD with a low forecast of 18.30 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 26.540
Low
18.30
Averages
28.77
High
38.00
Current: 26.540
Low
18.30
Averages
28.77
High
38.00
About DQ
Daqo New Energy Corp is a holding company primarily engaged in the manufacturing of polysilicon. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company also offers wafers through its downstream photovoltaic product manufacturing business. The Company mainly conducts its businesses within domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
