Daqo New Energy (DQ) saw its stock price plummet by 5.22% in pre-market trading on Tuesday, despite recent positive developments for the company. This significant drop comes as a surprise to many investors, given the recent financial results and analyst actions.
The company recently released its Q3 2025 earnings report, which indicated a financial turnaround for Daqo New Energy. Following this report, Roth Capital raised its price target on DQ from $25 to $30. However, it's worth noting that despite the increased price target, Roth Capital maintained a Neutral rating on the shares. Similarly, analyst Philip Shen from Roth MKM reiterated a Hold rating on the stock, also with a $30 price target.
The market's negative reaction, despite these seemingly positive developments, could be attributed to several factors. Investors might have been expecting more robust growth or a rating upgrade along with the raised price target. Additionally, the maintained Neutral/Hold ratings from analysts could be interpreted as a lack of strong bullish sentiment, potentially dampening investor enthusiasm. It's also possible that other market factors or industry-wide concerns are influencing the stock's performance beyond the company-specific news.
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