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Roth MKM Maintains Daqo New Energy(DQ.US) With Hold Rating, Raises Target Price to $23
Daqo New Energy Narrows Losses Amid Solar Market Challenges
US stocks anomaly | Daqo New Energy rose by about 3.2% in pre-market trading, Q3 revenue exceeded expectations + received an upward revision in target price by institutions.
On October 31, Daqo New Energy (DQ.US) rose by about 3.2% in pre-market trading to $22.97. On the news front, Daqo New Energy announced its third-quarter performance, with revenue of $0.1985 billion, a 59.1% year-on-year decline, still exceeding market expectations by $10.57 million; the company's net loss attributable to shareholders was $60.7 million, with a loss of $0.92 per ADS. Following the results, Jefferies Financial maintains a 'buy' rating on the stock, raising the target price from $34.05 to $35.54. Daiwa Securities also raised its rating to 'buy' with a target price of $25.
Daqo New Energy Corp (DQ) Q3 2024 Earnings Call Highlights: Navigating Market Challenges With ...
Jefferies Maintains Daqo New Energy(DQ.US) With Buy Rating, Raises Target Price to $35.54
Trump's Treasury Secretary nominee Paulson: Working with Musk to reduce expenses, especially by canceling green energy subsidies, has Asia's giants at a loss?
Abolishing the current Clean Energy Tax Reduction Policy in the existing 'Inflation Reduction Act' could increase tax revenue by approximately $921 billion over a decade. For Asian giants such as Toyota and Hyundai engaged in electric vehicles, wind power, and other renewable energy industries, President Trump and his allies' plan to abolish the Clean Energy Tax Reduction Policy would harm their financial condition and reduce the attractiveness of the USA market.
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