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

Key Points

• JPMorgan cut DAQO New Energy’s price target to $18.50 from $22.00 but maintained an “overweight” rating, implying roughly 69% upside from the stock’s $10.93 price.
• Analyst sentiment remains cautious: the consensus rating is “Reduce,” with an average target of $13.73, while Goldman Sachs and Weiss Ratings issued negative assessments.
• DAQO exceeded revenue expectations in the latest quarter but reported a larger-than-expected $0.78-per-share loss, negative margins, and selling prices below production costs, underscoring continued polysilicon pricing pressure.

DAQO New Energy (NYSE:DQ - Get Free Report) had its price target dropped by analysts at JPMorgan Chase & Co. from $22.00 to $18.50 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 69.31% from the stock's current price.

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

DAQO New Energy Trading Down 0.6%

Shares of NYSE:DQ traded down $0.06 on Wednesday, reaching $10.93. 406,707 shares of the company's stock were exchanged, compared to its average volume of 809,825. DAQO New Energy has a twelve month low of $9.89 and a twelve month high of $36.59. The company has a fifty day moving average of $11.83 and a 200-day moving average of $17.33. The company has a market capitalization of $739.39 million, a price-to-earnings ratio of -3.83 and a beta of 0.67.

DAQO New Energy (NYSE:DQ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported ($0.78) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.30). The company 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 last year, the business earned ($0.22) EPS. As a group, equities research analysts forecast that DAQO New Energy will post -1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On DAQO New Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new stake in shares of DAQO New Energy during the second quarter valued at about $28,000. Cygnus Capital Advisors LLC bought a new position in DAQO New Energy in the 2nd quarter valued at approximately $724,000. BTG Pactual Asset Management US LLC bought a new position in DAQO New Energy in the 2nd quarter valued at approximately $224,000. Public Employees Retirement System of Ohio acquired a new stake in DAQO New Energy during the 2nd quarter worth approximately $273,000. Finally, Renaissance Technologies LLC acquired a new stake in DAQO New Energy during the 1st quarter worth approximately $3,285,000. Institutional investors own 47.22% of the company's stock.

Trending Headlines about 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

DAQO New Energy Company Profile

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.

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