JPMorgan Chase & Co. Issues Pessimistic Forecast for DAQO New Energy (NYSE:DQ) Stock Price

DAQO New Energy (NYSE:DQ) had its target price cut by equities research analysts at JPMorgan Chase & Co. from $22.00 to $18.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 69.31% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group downgraded shares of DAQO New Energy from a “neutral” rating to a “sell” rating and set a $10.00 target price for the company. in a research note on Monday, August 24th. Roth Capital set a $12.00 price target on shares of DAQO New Energy in a research report on Wednesday. New Street Research set a $10.00 price target on DAQO New Energy in a report on Monday, August 24th. Weiss Ratings lowered DAQO New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 19th. Finally, Zacks Research raised DAQO New Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DAQO New Energy has an average rating of “Reduce” and a consensus price target of $13.73.

DAQO New Energy Trading Down 0.6%

DQ stock traded down $0.06 during trading on Wednesday, hitting $10.93. The company had a trading volume of 406,707 shares, compared to its average volume of 809,825. The business has a 50-day moving average of $11.83 and a 200-day moving average of $17.33. DAQO New Energy has a one year low of $9.89 and a one year high of $36.59. The stock has a market cap of $739.39 million, a PE ratio of -3.83 and a beta of 0.67.

DAQO New Energy (NYSE:DQ) last released its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.30). The firm had revenue of $194.15 million for the quarter, compared to the consensus estimate of $61.90 million. DAQO New Energy had a negative return on equity of 3.26% and a negative net margin of 34.50%. During the same quarter in the previous year, the business posted ($0.22) EPS. Research analysts forecast that DAQO New Energy will post -1.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nykredit A S bought a new position in DAQO New Energy during the second quarter worth $28,000. Cygnus Capital Advisors LLC bought a new stake in DAQO New Energy in the second quarter valued at $724,000. BTG Pactual Asset Management US LLC bought a new stake in DAQO New Energy in the second quarter valued at $224,000. Public Employees Retirement System of Ohio acquired a new position in shares of DAQO New Energy during the second quarter valued at about $273,000. Finally, Renaissance Technologies LLC acquired a new position in shares of DAQO New Energy during the first quarter valued at about $3,285,000. 47.22% of the stock is owned by institutional investors.

Key Headlines Impacting DAQO New Energy

Here are the key news stories impacting DAQO New Energy this week:

• Positive Sentiment: Q3 revenue rose to $194.2 million from $62.7 million in Q2, while polysilicon sales volume more than tripled to 46,910 metric tons. The company also narrowed its net loss to $52.9 million from $81.2 million, and EBITDA loss improved to $9.2 million from $29.3 million. Daqo New Energy Announces Unaudited Third Quarter 2026 Financial Results
• Positive Sentiment: Production costs improved: total production cost declined to $5.37 per kilogram from $5.95, while cash cost fell to $4.23 from $4.57. Daqo’s liquidity also strengthened, with cash and investments reaching approximately $2.06 billion at quarter-end. Q3 Revenue and Margin Report
• Neutral Sentiment: Industry commentary indicates the polysilicon downturn may be approaching a bottom, which could support a future recovery. However, analysts continue to describe the timing and strength of any rebound as uncertain. Daqo Narrows Losses as Polysilicon Sector Bottoms Out
• Negative Sentiment: Daqo reported a loss of $0.78 per ADS, worse than the $0.48 consensus estimate. Revenue exceeded expectations, but the company still posted a $60.6 million gross loss and a negative 31.2% gross margin. Daqo Q3 Results Deepen Focus on Margin Losses
• Negative Sentiment: The average selling price was only $4.12 per kilogram, below the $5.37 total production cost. Profitability also deteriorated year over year, with Q3 2025 showing a $14.9 million profit compared with this quarter’s $52.9 million net loss, reinforcing concerns about prolonged oversupply and weak pricing. Daqo Q3 Financial Results

About DAQO New Energy

Daqo New Energy Corp. (NYSE: DQ) is a China-based manufacturer of high-purity polysilicon, a key raw material used to produce solar photovoltaic wafers, cells and modules. Through its operating subsidiaries, the company produces polysilicon in grades used primarily for monocrystalline and multicrystalline solar applications.

The company’s production operations are located in China, including facilities in Xinjiang. Its products are supplied to manufacturers in the solar photovoltaic industry, primarily within China’s extensive solar manufacturing supply chain, with the company serving customers in other markets through industry sales and distribution relationships.

Daqo New Energy was founded in 2007 and completed its initial public offering on the New York Stock Exchange in 2010.