Daqo New Energy Remains Too Cheap To Ignore - Bullish Support Is Here

grandriver/E+ via Getty Images We previously covered Daqo New Energy (NYSE:NYSE:DQ) in December 2023, discussing why we maintained our Hold rating on the stock, with China's accelerating solar panel installation likely to be negated by the stalling demand in the US and EU over the next few quarters. While the stock might be rerated closer to its book value, we believed that there might be more pain in the near-to-intermediate term, due to the increasingly imbalanced global supply/ demand picture through ...