Daqo New Energy(US:DQ) Zhi Tong Cai Jing·2025-07-28 14:55Group 1 - The report from Morgan Stanley highlights a significant shift in investor sentiment towards the Chinese photovoltaic industry, moving from short-term speculation to long-term value considerations, with long-term investors now comprising nearly half of the investor base [2] - Investors are cautious about the government's ability to intervene significantly in the short term regarding the oversupply issue in the photovoltaic sector, despite recognizing the need for action [3][4] - The industry is experiencing a paradigm shift in sentiment, transitioning from continuous valuation downgrades to a phase of range-bound fluctuations, driven by concerns over oversupply and ongoing policy exploration [5] Group 2 - Daqo New Energy is identified as the most attractive company in terms of risk-reward ratio, with investors acknowledging its valuation advantages, financial stability, and cost leadership [6][7] - Other renewable energy companies such as Goldwind and Orient Cables are noted for their strong fundamentals, although they may face performance pressure in the second quarter, presenting potential entry opportunities [8] - Longjiang Power is viewed as a defensive choice among renewable power generation companies, while some investors agree with the valuation assessment of Longyuan Power and the downgrade of CGN Power to a "neutral" rating [9] Group 3 - The photovoltaic industry is at a critical juncture of emotional transition, with ongoing policy exploration and market structure optimization, making Daqo New Energy a preferred choice for investors looking to capitalize on industry transformation opportunities [10]