US stock market anomaly | Daquan New Energy (DQ.US) soars nearly 17%; Citi initiates "buy" rating with a target price of 27 US dollars.

According to the Wisdom Financial APP, on Tuesday, Daqo New Energy (DQ.US) surged nearly 17%, closing at $24.64. Zhongtai recently released a research report stating that as we enter July, silicon material prices have shown an upward trend for several consecutive trading days, with the current average price range increasing to 40-50 yuan/kg, a hike of up to 25-35%. The recent increase in the country's emphasis on preventing the "overlapping" of the photovoltaic industry has led to a relative increase in the supply-demand contradiction in the silicon material sector. Considered to be at the forefront of the photovoltaic industry chain, with a relatively steep cost curve, the turning point for the prevention of "overlapping" in the photovoltaic industry may first be reflected in the silicon material sector. Citigroup analyst Air Ma initiated Daqo New Energy with a "buy" rating and a target price of $27.