Daqq New Energy: The Stock Has Strong Appreciation Potential, Says Roth Capital
In a research report issued today, Roth Capital analyst Philip Shen reiterated a Buy rating on Daqq New Energy (NYSE:DQ) with a price target of $80, which represents a potential upside of 105% from where the stock is currently trading.
Shen said, “Despite being a relatively new entrant into polysilicon manufacturing, DQ has demonstrated cost leadership, best-in-class quality, and technology innovation from China. We believe DQ has the best poly production cost structure globally . With an attractive earnings and CF outlook, we believe the stock has strong appreciation potential, especially as the company expands capacity . As a result, we are reinitiating with a Buy rating and $80 PT.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Philip Shen has a total average return of -4.9% and a 33.8% success rate. Shen is ranked #3168 out of 3354 analysts.