Hanwha Q Cells Co Ltd -ADR (HQCL) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, Hanwha Q Cells Co Ltd -ADR reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.24. The company had revenue of $514.90 million for the quarter, compared to analysts expectations of $542.50 million. The company’s revenue was up 54.4% compared to the same quarter last year.
Hanwha Q Cells Co Ltd -ADR opened for trading at $13.58 and hit $13.8916 on the upside on Thursday, eventually ending the session at $13.68, with a gain of 1.30% or 0.175 points. The heightened volatility saw the trading volume jump to 23,766 shares. Company has a market cap of $1,149 M.
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. It develops and builds solar power projects incorporating its PV modules to sell them to third-party purchasers. It provides operation and management services including inspections repair and replacement of plant equipment site management and administrative support services. It sells PV cells and PV modules both directly to system integrators and through third-party distributors. It supplies its solar products in Japan Germany the United Kingdom China the United States Korea and Canada.