Nomura Adjusts Price Target on Daqo New Energy to $18
Nomura has revised its price target for Daqo New Energy Corp. to $18 from $28.60 while maintaining a Buy rating.
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Daqo New Energy Corp. issued production guidance for the remainder of 2026, expecting to produce between 35,000 and 45,000 MT of polysilicon in the fourth quarter.
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Nomura has revised its price target for Daqo New Energy Corp. to $18 from $28.60 while maintaining a Buy rating.
J.P. Morgan analyst Alan Hon has maintained a 'Buy' rating on Daqo New Energy while lowering the price target from $22.00 to $18.50.
Daqo New Energy Corp. reported its unaudited financial results for the third quarter ended September 30, 2026, including a net loss of $52.9 million.