Daiwa, in its research report, expressed a negative view on the solar industry in Mainland China, believing the market expectations for the industry's profitability in 2025 are too optimistic, which may pose risks to solar stock prices.Within the industry, the broker reiterated an Outperform rating for DAQO New Energy Corp. (DQ.US) , as it believed the company holds investment value in the long term, with its net cash value above market value. XINYI ENERGY (03868.HK) 0.000 (0.000%) Short selling $1.51M; Ratio 24.663% was rated Hold, with its target price recently raised to HKD0.9.Related NewsCICC Recommends XINYI SOLAR/ FLAT GLASS, Expects Stabilization in PV Glass Prices & Costs Next YrAs for FLAT GLASS (06865.HK) +0.030 (+0.305%) Short selling $1.87M; Ratio 15.310% and XINYI SOLAR (00968.HK) +0.040 (+1.347%) Short selling $20.21M; Ratio 20.973% , both were rated Underperform. The broker had previously lowered Flat Glass's earnings forecast for 2024-26 by 19-36%, and Xinyi Solar's EPS forecast was reduced by 8-16%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)