Stock Rating Upgrade
The Value Trend Rating for Daqo New Energy Corp (NYSE: DQ) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/8/24, Daqo New Energy Corp (NYSE: DQ) stock enjoyed a very large increase of 8.5%, closing at $28.05. Moreover, trading volume in this advance was exceptionally high at 218% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 31.8% during the last week.
Current PriceTarget Research Rating
DQ is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Daqo New Energy has a current Value Trend Rating of C (High Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Daqo New Energy has a very high Appreciation Score of 97 but a poor Power Rating of 25, triggering the High Neutral Value Trend Rating.
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