
DQ Stock Forecast & Price Target
DQ Analyst Ratings
Bulls say
Daqo New Energy has demonstrated a positive trajectory in financial metrics, including an 8% quarterly increase in liquidity, reaching approximately $2.2 billion. The company's revenue forecast for 2026 has been raised by about 15% to $892 million, as management anticipates an increase in polysilicon average selling prices (ASPs) following market consolidation. Furthermore, the achievement of positive gross margins for the first time since Q1'24 and a significant revision in adjusted EBITDA from a loss of $34 million to a gain of $283 million underline the company's improving profitability outlook.
Bears say
Daqo New Energy faces a negative outlook due to substantial declines in monthly installations of solar power solutions, with year-over-year decreases ranging from 11.9% to 55.3% over several months, indicating a sustained demand unwind linked to policy changes. Additionally, polysilicon prices have sharply retraced, with benchmarks falling below RMB 55/kg and even reaching rumors of CNY$45/kg among smaller producers, exacerbating the oversupply situation and potential for further price declines. This combination of weakening demand and destabilizing pricing pressures, alongside increased competition and potential shifts in technology, creates significant headwinds for the company's financial performance.
This aggregate rating is based on analysts' research of Daqo New Energy and is not a guaranteed prediction by Public.com or investment advice.
DQ Analyst Forecast & Price Prediction
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