Daqo New Energy price target lowered to $14 from $18 at Roth Capital

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.