Hanwha Q Cells Co Ltd -ADR (HQCL) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.44. Analysts had a consensus of $0.48. The company posted revenue of $638.00 million in the period, compared to analysts expectations of $667.90 million. The company’s revenue was up 88.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.
Many Wall Street Analysts have commented on Hanwha Q Cells Co Ltd -ADR. Hanwha Q Cells Co Ltd -ADR was Downgraded by ROTH Capital to ” Neutral” on Aug 5, 2016.
Hanwha Q Cells Co Ltd -ADR opened for trading at $13.2199 and hit $13.52 on the upside on Friday, eventually ending the session at $13.37, with a gain of 2.45% or 0.32 points. The heightened volatility saw the trading volume jump to 48,008 shares. Company has a market cap of $1,123 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.