Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) from a hold rating to a buy rating in a research note issued to investors on Monday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Hanwha Q CELLS Co. from a sell rating to a hold rating in a report on Tuesday, May 23rd. ValuEngine lowered shares of Hanwha Q CELLS Co. from a buy rating to a hold rating in a report on Friday, June 2nd.
Hanwha Q CELLS Co. (NASDAQ HQCL) traded down 0.34% during trading on Monday, reaching $8.86. 5,851 shares of the company traded hands. Hanwha Q CELLS Co. has a 52 week low of $8.85 and a 52 week high of $8.99.
Hanwha Q CELLS Co. (NASDAQ:HQCL) last issued its quarterly earnings results on Thursday, May 25th. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.34. The company had revenue of $432 million during the quarter, compared to analyst estimates of $418 million. Hanwha Q CELLS Co. had a net margin of 4.72% and a return on equity of 24.97%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities analysts predict that Hanwha Q CELLS Co. will post $0.42 EPS for the current fiscal year.
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Hanwha Q CELLS Co. Company Profile
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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