Daqo New Energy Corp Stock Price Surges 6.81% Amid Bullish Analyst Predictions.

Daqo New Energy Corp (DQ) shares surged 6.81% to $21.18 on Jul 17, with trading volume at 830,252 shares. Analysts forecast an average target price of $24.86, implying a 17.39% upside from the current price. Based on the consensus recommendation, DQ has an average brokerage recommendation of 2.3, indicating "Outperform" status. The estimated GF Value for DQ in one year is $11.06, suggesting a downside of 47.78% from the current price.

Daqo New Energy Corp (DQ) shares experienced a significant surge on July 17, rising by 6.81% to $21.18, with trading volume reaching 830,252 shares [2]. The stock's upward movement follows a period of volatility, with the price fluctuating 3.53% from a day low of $20.38 to a day high of $21.10 on July 18 [1].

Analysts have provided a positive outlook for DQ, with an average target price of $24.86, indicating an 18.96% upside from the current price [2]. This forecast is supported by Citigroup's recent coverage, which assigned a "Buy" rating to the company and set a target price of $27.00 [3]. The consensus recommendation from brokerage firms is also favorable, with an average rating of 2.3, indicating an "Outperform" status [2].

Despite the positive analyst ratings, DQ's financial performance has been challenging. The company reported a net loss of $71.8 million for the quarter ended March 31, 2025, reflecting ongoing financial struggles [2]. However, the company's strong balance sheet, with no financial debt and a substantial cash balance of $792 million, provides strategic resilience during market downturns [2].

The estimated GF Value for DQ in one year is $11.06, suggesting a potential downside of 47.78% from the current price [2]. This valuation is based on historical multiples and future estimates of the company's performance. Despite the financial challenges, DQ remains well-positioned to capitalize on long-term growth in the global solar PV market, with plans to enhance its higher-efficiency N-type technology [2].

References:
[1] https://stockinvest.us/stock/DQ
[2] https://www.gurufocus.com/news/2986901/daqo-new-energy-dq-receives-positive-outlook-with-buy-rating-dq-stock-news
[3] https://www.gurufocus.com/news/2987807/daqo-new-energy-dq-coverage-initiated-with-buy-rating-by-citigroup-dq-stock-news