Daqo New Energy price target raised to $25 from $14 at Roth Capital

Roth Capital raised the firm’s price target on Daqo New Energy (DQ) to $25 from $14 and keeps a Neutral rating on the shares. The company delivered a Q2 miss and slightly lowered its 2025 production guidance, and while Q2 was another quarter selling below cost, Daqo sees Q3 as an inflection point with the potential for cash cost breakeven due to an “anti-involution” initiative from Chinese authorities, the analyst tells investors in a research note. The firm added that the bottom may be in for Daqo, but it remains on the sidelines until the industry right-sizes and returns to healthy margins.