Hanwha Q Cells (NASDAQ:HQCL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Hanwha Q CELLS Co., Ltd. is a photovoltaic manufacturer for solar cells and modules. The company offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. It operates primarily in Europe, North America, Asia, South America, Africa and the Middle East. Hanwha Q CELLS Co. Ltd., formerly known as Hanwha SolarOne Co. Ltd., is headquartered in Seoul, South Korea. “
Other equities analysts have also issued reports about the company. Roth Capital set a $8.00 target price on Hanwha Q Cells and gave the company a “hold” rating in a report on Saturday, November 25th. BidaskClub raised Hanwha Q Cells from a “sell” rating to a “hold” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.88.
Hanwha Q Cells (NASDAQ HQCL) opened at $7.59 on Wednesday. The stock has a market capitalization of $610.44, a P/E ratio of 28.11 and a beta of 1.94. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.71. Hanwha Q Cells has a twelve month low of $6.09 and a twelve month high of $9.79.
Hanwha Q Cells (NASDAQ:HQCL) last released its earnings results on Friday, November 10th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $543.00 million during the quarter, compared to analyst estimates of $564.60 million. Hanwha Q Cells had a return on equity of 3.43% and a net margin of 0.75%. Hanwha Q Cells’s quarterly revenue was down 23.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. analysts anticipate that Hanwha Q Cells will post 0.55 EPS for the current year.
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About Hanwha Q Cells
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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