Hanwha SolarOne Co. (HQCL) Trading Down 4%
Shares of Hanwha SolarOne Co. (NASDAQ:HQCL) fell 4% on Wednesday . The stock traded as low as $11.78 and last traded at $11.78, with a volume of 63,387 shares. The stock had previously closed at $12.27.
Several brokerages recently weighed in on HQCL. Zacks Investment Research raised shares of Hanwha SolarOne from a “strong sell” rating to a “hold” rating in a research note on Friday, August 26th. Roth Capital cut shares of Hanwha SolarOne from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th.
The firm has a market cap of $979.88 million and a P/E ratio of 5.36. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $13.93.
Hanwha SolarOne (NASDAQ:HQCL) last released its earnings results on Tuesday, August 23rd. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.44. The business had revenue of $638 million for the quarter, compared to the consensus estimate of $646 million. Hanwha SolarOne’s revenue for the quarter was up 88.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) EPS. Equities analysts forecast that Hanwha SolarOne Co. will post $1.67 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.