5 Most Promising Solar Stocks According to Analysts

In this article, we will take a look at the 5 most promising solar stocks according to analysts. To see more such companies, go directly to 12 Most Promising Solar Stocks According to Analysts.

5. Daqo New Energy Corp. (NYSE:DQ)

Average Analyst Price Target: $63

Daqo New Energy Corp. (NYSE:DQ) is a Chinese solar energy company in our list of the most promising solar stocks according to hedge funds. Daqo New Energy Corp. (NYSE:DQ) makes monocrystalline silicon and polysilicon, which are used in solar photovoltaic systems. Over the past one year Daqo New Energy Corp. (NYSE:DQ) has gained about 11% through February 13.

In December, Daqo New Energy Corp. (NYSE:DQ) announced that its Phase 5B polysilicon expansion project in Inner Mongolia is estimated to boost the firm’s annual polysilicon production capacity by 100,000 metric tons to 305,000 tons by year-end 2023.

In November, Daqo New Energy Corp. (NYSE:DQ) said its board authorized a $700 million share repurchase program, effective from November 7, 2022 to December 31, 2023.