Top Value Stock 2024: Daqo New Energy


Source: seekingalpha.com seekingalpha.com

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Justin Paget 2023 has been a devastating year for solar stocks. If not for the recent Santa Claus rally, most solar stocks would've been down more than 40%. The new momentum is caused by the expected rate cuts of the Federal Reserve in 2024. Solar investments are costly and even more when you have to pay 5% interest on a loan. Therefore, solar investments have become less interesting in both America and Europe. Further, changes in government incentive programs made decision-making even worse with consumers unsure of the benefits they would receive. On the other hand, the demand for utility-scale...