Why Daqo New Energy's Stock Is Trading Higher Today

Daqo New Energy Corp (NYSE: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.