Zacks: Hanwha Q CELLS Co., Ltd. (HQCL) Receives Average Recommendation of “Hold” from Brokerages
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $8.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Hanwha Q CELLS an industry rank of 51 out of 265 based on the ratings given to related companies.
HQCL has been the topic of several research analyst reports. Zacks Investment Research raised shares of Hanwha Q CELLS from a “hold” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research report on Tuesday, August 15th. Axiom Securities reissued a “sell” rating on shares of Hanwha Q CELLS in a research report on Friday, September 8th. Roth Capital set a $8.00 target price on shares of Hanwha Q CELLS and gave the stock a “hold” rating in a research report on Saturday, November 25th. Finally, BidaskClub downgraded shares of Hanwha Q CELLS from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th.
Hanwha Q CELLS (NASDAQ:HQCL) last posted its quarterly earnings data on Friday, November 10th. The semiconductor company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $543.00 million during the quarter, compared to analyst estimates of $564.60 million. Hanwha Q CELLS had a net margin of 0.75% and a return on equity of 3.43%. Hanwha Q CELLS’s revenue was down 23.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. equities analysts forecast 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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