Stock Rating Upgrade
The Value Trend Rating for Daqo New Energy Corp (NYSE: DQ) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Daqo New Energy Corp (NYSE: DQ) stock closed at $18.76 on 5/1/24 after a decline of -2.3%. NORMAL trading volume accompanied the decline. The stock has declined -18.5% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DQ is expected to continue to be a modest Value Builder.
Daqo New Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Daqo New Energy has a very high Appreciation Score of 98 but a poor Power Rating of 29, and the Positive Value Trend Rating results.
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