
DQ Stock Forecast & Price Target
DQ Analyst Ratings
Bulls say
Daqo New Energy Corp is positioned for growth, evidenced by a significant forecast increase in revenue of approximately 15% for 2026, reaching $892 million, alongside an impressive upward revision of adjusted EBITDA from a loss of $34 million to a profit of $283 million. The company's gross margins improved to approximately 3.9% for the first time since Q1 2024, with an upward trajectory in polysilicon average selling prices from RMB 32-35/kg to RMB 49-55/kg within a few months. Additionally, the liquidity of the company has strengthened, with quick assets rising by 8% quarter-over-quarter to about $2.2 billion, indicating a solid financial foundation to support future growth and operational stability.
Bears say
Daqo New Energy's stock outlook is negatively impacted by significant declines in monthly solar installations, with year-over-year reductions reaching as high as 55.3% in August and a continuing pattern of demand contraction attributed to recent policy changes. The company's polysilicon prices have sharply retraced to CNY$48.5/kg, alongside market rumors of prices dropping even lower, indicating a persistent oversupply and weak downstream pricing pressures with no clear recovery in sight. Furthermore, ongoing declines in the upstream value chain combined with increased competition and potential shifts in solar technology could further hinder recovery prospects and maintain downward pressure on polysilicon pricing.
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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