Why Daqo New Energy's Stock Is Trading Higher Today

Daqo New Energy Corp DQ shares are trading higher on Wednesday, after JPMorgan maintained its Overweight rating on the stock and and lowered the price target from $75 to $69.

Daqo New Energy Corp is headquartered in China and manufactures monocrystalline silicon and polysilicon, primarily for use in solar photovoltaic systems.

Daqo New Energy shares were trading up 7.03% at $51.43 on Wednesday. The stock has a 52-week high of $81.46 and a 52-week low of $30.75.