NYSE:DQSemiconductor
Daqo New Energy (DQ) Is Down 8.5% After GLJ Downgrade On China Polysilicon Concerns Has The Bull Case Changed?
In early February 2026, GLJ Research downgraded Daqo New Energy from Buy to Sell, citing concerns over China’s polysilicon supply-demand balance and uneven policy execution intended to curb excess capacity.
The firm also projected that Daqo’s net losses could narrow in 2025 compared with 2024, highlighting operational improvement that contrasts with persistent industry headwinds.
We’ll now examine how GLJ Research’s downgrade, driven by China’s polysilicon market uncertainties, shapes Daqo...