Daqo New Energy is trading 5.21% down at $13.47 after Goldman Sachs downgraded the shares to Sell from Neutral and cut its price target to $10 from $11.20.
- Goldman Sachs cited production-cost concerns and pricing execution.
- Second-quarter results showed persistent polysilicon pricing pressure, including an average selling price below production costs.
- The decline was company-specific rather than broad-market driven; major U.S. indexes were little changed on August 26, 2026.