DQ, US23703Q2030

Zacks upgrades Daqo New Energy stock to Hold rating

Published on 10/05/2026 at 00:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zacks moved Daqo New Energy stock to Hold on October 1, 2026. June-quarter revenue reached USD 62.66 million, 5.84 percent above consensus.

DQ, US23703Q2030, Illustration mit AI erstellt.

Daqo New Energy (US23703Q2030) received a rating upgrade as MarketBeat reported on October 1, 2026 that Zacks Research moved the stock from Strong Sell to Hold. Daqo New Energy stock remains tied to a difficult earnings picture, with the latest quarter showing a revenue beat alongside a deeper adjusted loss.

Zacks changes its rating

The rating change gives Daqo a more moderate stance from Zacks, while the wider analyst picture remains cautious. MarketBeat reported that four of six analysts carried Sell ratings, one had a Hold rating and one had a Buy rating, producing a Reduce consensus and an average 12-month target of USD 15.83.

The latest rating action followed a quarter in which revenue exceeded expectations but earnings fell short. For investors, that split matters because stronger sales have yet to translate into positive profitability for the polysilicon producer.

Revenue beat, loss widens

Zacks reported on August 20, 2026 that revenue for the quarter ended June 2026 reached USD 62.66 million, 5.84 percent above consensus and below USD 75.19 million a year earlier. The same report said adjusted earnings per share were a loss of USD 1.20, compared with a consensus loss of USD 0.28 and a loss of USD 1.14 a year earlier.

The earnings comparison shows why the Hold upgrade does not remove the central operating pressure. Daqo's revenue exceeded estimates, but the adjusted earnings-per-share surprise was minus 328.57 percent, while the company had beaten consensus earnings estimates only once over the previous four quarters.

NYSE quote stays near yearly low

The company identifies itself as NYSE-listed DQ on its investor resources page. The NYSE quote was last at USD 11.00 on October 2, 2026 at 4:00 p.m. ET, with a market capitalization of USD 744.3 million and a 52-week range of USD 10.87 to USD 36.59.

At USD 11.00, the quote stood 1.20 percent above its 52-week low and 69.96 percent below its 52-week high. That market positioning and the latest adjusted loss leave the rating upgrade competing with weak earnings momentum.