Collins Stewart Upgrades Daqo New Energy (DQ) to Neutral; Negative Thesis has Played Out

Collins Stewart upgraded Daqo New Energy (NYSE: DQ) from Sell to Neutral, price target maintained at $2.00.

Collins analyst says, "While we believe DQ's operations have little to no value at this point (loss expected in CY12), the risks for an investor being short a $1.88 stock may exceeds the potential benefit. For those that own the shares, we believe the time to Sell has most likely passed, and we will take a Neutral stance at this juncture. The biggest risk being short DQ, or the biggest opportunity if long, is the potential for DQ to be acquired. DQ could potentially be acquired by an independent wafer or module vendor looking to vertically integrate its operations."

For an analyst ratings summary and ratings history on Daqo New Energy click here. For more ratings news on Daqo New Energy click here.

Shares of Daqo New Energy closed at $1.88 yesterday.

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