Roth Capital lowered the firm’s price target on Daqo New Energy (DQ) to $14 from $18 and keeps a Neutral rating on the shares after the company delivered a Q1 miss, but reiterated its 2025 production guidance. Management is operating efficiently with prudent cash management and a clean balance sheet, but the overall outlook remains challenged with negative margins as a base case for 2025, the analyst tells investors.
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