Form 6-K DAQO NEW ENERGY CORP. For: Oct 30
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Daqo New Energy (DQ) PT Raised to $35.54 at Jefferies
October 30, 2024 4:10 PM EDTJefferies analyst Johnson Wan raised the price target on Daqo New Energy (NYSE: DQ) to $35.54 (from $34.05) while maintaining a Buy rating.
The analyst comments "DQ reported 3Q24 Net Loss of ($61m), vs NL of ($120m) in 2Q24, better than mkt est... More
Daiwa Securities Upgrades Daqo New Energy (DQ) to Outperform (2)
October 30, 2024 9:49 AM EDTDaiwa Securities analyst Dennis Ip upgraded Daqo New Energy (NYSE: DQ) from Neutral (3) to Outperform (2) with a price target of $25.00.
The analyst comments "Whats the impact: Market cap lower than net cash. Daqos current market value of USD1.5bn is lower than USD2.0bn when we downgraded in early October, and less than our net cash estimates of USD2.2bn, USD1.8bn and USD1.5bn for 2024E, 2025E and 2026E, respectively, relying on our conservative view on poly price. Overall, we... More
