Daiwa's Outlook on Solar Industry: Daiwa has a negative view on the solar industry in Mainland China, suggesting that market expectations for profitability in 2025 are overly optimistic, which could negatively impact solar stock prices.
DAQO New Energy Corp. Rating: The broker maintains an Outperform rating for DAQO New Energy Corp. (DQ.US), citing its long-term investment value due to its net cash value exceeding market value.
XINYI ENERGY and FLAT GLASS Ratings: XINYI ENERGY (03868.HK) is rated Hold with a target price increase to HKD0.9, while FLAT GLASS (06865.HK) and XINYI SOLAR (00968.HK) are rated Underperform, with significant reductions in their earnings forecasts.
Short Selling Data: The report includes short selling data for various companies, indicating varying levels of short interest, with XINYI SOLAR showing a notably high short selling ratio of 27.066%.
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of 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.
0 Buy
0 Hold
0 Sell
Current: 3.160
Low
Averages
High
Current: 3.160
Low
Averages
High
CICC
maintain
$13
Al Analysis
2025-12-23
Reason
CICC
Price Target
$13
Al Analysis
2025-12-23
maintain
Reason
The analyst rating from CICC is based on the current challenges facing the PV glass market, including dull demand, increasing inventory days, and a significant drop in prices to RMB11.5 per square meter. This has led to the profitability of leading companies nearing breakeven, while others are incurring deeper losses. Despite these challenges, CICC anticipates that prices and costs will stabilize next year, with an estimated average price for 2.0mm PV glass projected to be between RMB13-13.5 per square meter. CICC's recommendation for XINYI SOLAR and FLAT GLASS reflects a cautious outlook, maintaining valuation and earnings forecasts unchanged amidst the current market conditions.
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.
