Hanwha SolarOne Co. (HQCL) Shares Up 8.5%
Hanwha SolarOne Co. (NASDAQ:HQCL) shot up 8.5% during mid-day trading on Monday . The company traded as high as $13.44 and last traded at $13.11, with a volume of 83,044 shares trading hands. The stock had previously closed at $12.08.
A number of research firms have recently issued reports on HQCL. Zacks Investment Research upgraded shares of Hanwha SolarOne from a “sell” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Tuesday, May 24th. Roth Capital lowered shares of Hanwha SolarOne from a “buy” rating to a “neutral” rating in a report on Friday, August 5th.
The company has a market cap of $1.08 billion and a PE ratio of 11.77. The firm’s 50-day moving average is $13.89 and its 200-day moving average is $14.21.
Hanwha SolarOne (NASDAQ:HQCL) last issued its quarterly earnings data on Thursday, May 19th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $514.90 million for the quarter, compared to the consensus estimate of $542.50 million. Hanwha SolarOne’s quarterly revenue was up 54.4% on a year-over-year basis. Equities research analysts expect that Hanwha SolarOne Co. will post $1.10 earnings per share for the current year.
Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd. (Hanwha SolarOne), is a global solar energy company. The Company is involved in manufacturing of solar modules and development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules. It also engages in PV downstream businesses, which include developing solar power projects and providing engineering, procurement and construction services and operation and management services.