Hanwha SolarOne Co. (HQCL) Shares Down 5%
Hanwha SolarOne Co. (NASDAQ:HQCL)’s share price dropped 5% on Wednesday . The stock traded as low as $12.68 and last traded at $13.04, with a volume of 53,292 shares changing hands. The stock had previously closed at $13.72.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hanwha SolarOne from a “sell” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, May 24th. Roth Capital cut shares of Hanwha SolarOne from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th.
The stock’s 50 day moving average is $13.77 and its 200-day moving average is $14.03. The company has a market cap of $1.07 billion and a PE ratio of 11.63.
Hanwha SolarOne (NASDAQ:HQCL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.44. The firm earned $638 million during the quarter, compared to analysts’ expectations of $646 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 88.8% on a year-over-year basis. On average, equities analysts expect that Hanwha SolarOne Co. will post $1.10 EPS for the current year.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.
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