Daqo New Energy (DQ) saw its stock price plummet by 5.22% in pre-market trading on Tuesday, despite receiving a raised price target from analysts. The sharp decline comes on the heels of the company's recently released third-quarter earnings report for 2025, suggesting that the financial results may have fallen short of investor expectations.

The solar-grade polysilicon manufacturer announced its Q3 2025 financial results late Monday, which appear to have triggered a negative response from the market. While specific details of the earnings report were not immediately available, the stock's significant drop indicates that investors may have been disappointed with the company's performance or outlook.

Interestingly, the stock's decline occurred despite positive signals from analysts. Roth Capital raised its price target on Daqo New Energy to $30 from $25, while maintaining a Neutral rating on the shares. Similarly, analyst Philip Shen from Roth MKM reiterated a Hold rating on the stock with a price target of $30. The contrast between the analyst sentiment and the market reaction suggests that investors may be focusing more on the company's immediate financial results rather than long-term prospects.