Zacks upgrades Daqo New Energy stock to Hold
Published on 10/07/2026 at 03:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Daqo New Energy stock (ISIN US23703Q2030) was last at EUR 9.85 at Lang and Schwarz on October 6, 2026, the prior close for the October 7 publication. According to MarketBeat on October 1, 2026, Zacks Research upgraded Daqo New Energy from Strong Sell to Hold.
Revenue rebounds in the second quarter
Zacks reported on August 20, 2026 that Daqo posted USD 62.66 million in revenue for the quarter ended June 2026, versus USD 26.72 million in the first quarter. The sequential increase was driven by higher sales volume, but revenue remained below USD 75.19 million in the year-ago quarter.
The earnings mix was weaker than the revenue comparison. Adjusted loss per share was USD 1.20 in the second quarter, against a Zacks consensus loss of USD 0.28, while the revenue figure exceeded consensus by 5.84 percent.
Losses remain the central risk
The latest earnings call showed the operating pressure behind the rating debate. Daqo reported a USD 81.00 million net loss and a negative 132.00 percent gross margin in the second quarter, although the loss narrowed from USD 88.00 million in the first quarter.
Sales volume rose from 4,482 metric tons in the first quarter to 15,190 metric tons in the second quarter, while the average selling price fell to USD 4.04 per kilogram. The combination leaves polysilicon pricing and industry oversupply as the key variables for the next earnings cycle.
Analysts split on valuation
MarketBeat said the broader analyst consensus was Reduce, with an average target of USD 15.83, based on one Buy, two Hold and three Sell ratings. The same report cited a USD 10.00 target from Goldman Sachs and a USD 22.00 target from JPMorgan, illustrating the wide valuation gap around a potential polysilicon recovery.
At the NYSE, Daqo was last at USD 11.08 on October 6, 2026 at 4:00 p.m. ET. Its one-year range was USD 10.87 to USD 36.59, while its market capitalization was USD 749.7 million on the same date.
Prior close sets the near-term reference
The Lang and Schwarz prior close of EUR 9.85 on October 6, 2026 provides the latest euro reference for German investors. The unchanged comparison line in that quote leaves the next move dependent on polysilicon pricing, sales volumes and the company's ability to contain cash losses.
The further course of trading is shown by the continuously updated real-time quote of Daqo New Energy stock.
Daqo New Energy stock facts
- Company: Daqo New Energy Corp.
- ISIN: US23703Q2030
- Ticker: DQ
- Primary exchange: NYSE
- Prior close Lang and Schwarz (October 6, 2026): EUR 9.85
- Market capitalization: USD 749.7 million (as of October 6, 2026)
- 52-week range: USD 10.87-USD 36.59 (as of October 6, 2026)
- Sector / Industry: Technology / Semiconductors
