Daqo New Energy stock carries a Reduce rating

Daqo New Energy stock carries a Reduce average recommendation, with a USD 15.83 average 12 month price target reported on September 29, 2026. The companys second quarter revenue reached USD 62.66 million, while adjusted earnings per share came to minus USD 1.20.

Reduce rating meets weak earnings

According to MarketBeat on September 29, 2026, four of six covering analysts rated the stock Sell, one rated it Hold and one rated it Buy. The average target of USD 15.83 stands above the last NYSE quote of USD 10.90 on September 28, 2026, but the consensus label remains Reduce.

MarketBeat also reported that Goldman Sachs cut its rating to Sell and set a USD 10.00 target on August 24, 2026. JPMorgan lowered its target from USD 35.50 to USD 22.00 on July 31, 2026, while keeping an Overweight rating.

Revenue improves quarter over quarter

Daqo generated USD 62.66 million of revenue in Q2 2026, compared with USD 26.72 million in Q1 2026 and USD 75.00 million in Q2 2025, according to The Globe and Mail. The sequential comparison shows a sharp recovery in sales volume, while the year over year comparison still leaves revenue below the prior year quarter.

The operating loss remained severe. Gross loss was USD 82.70 million and gross margin was minus 132 percent in Q2 2026, compared with a USD 139.00 million gross loss and minus 520 percent margin in Q1, according to The Globe and Mail. Net loss narrowed from USD 88.38 million in Q1 to USD 81.15 million in Q2, but operating cash flow was negative USD 128.72 million for the June quarter.

Market cap stays below USD 1 billion

Daqo was last at USD 10.90 on the NYSE on September 28, 2026 at 4:00 p.m. ET, versus a prior close of USD 11.47 and a daily change of minus 4.97 percent. The one year range stood at USD 10.87 to USD 36.59, while market capitalization was USD 737.1 million on September 29, 2026.