Hanwha Q CELLS Co., Ltd. (HQCL) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $9.50 target price on the semiconductor company’s stock.
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. “
Several other research firms also recently issued reports on HQCL. BidaskClub raised Hanwha Q CELLS Co. from a hold rating to a buy rating in a research note on Monday, July 24th. Axiom Securities reissued a sell rating on shares of Hanwha Q CELLS Co. in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Hanwha Q CELLS Co. has a consensus rating of Hold and an average target price of $8.25.
Hanwha Q CELLS Co. (NASDAQ HQCL) traded down $0.07 during mid-day trading on Wednesday, hitting $8.18. 31,700 shares of the stock were exchanged, compared to its average volume of 36,867. The company has a market capitalization of $686.33, a PE ratio of 45.83 and a beta of 2.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.97 and a quick ratio of 0.73. Hanwha Q CELLS Co. has a 52-week low of $6.09 and a 52-week high of $9.84.
Hanwha Q CELLS Co. (NASDAQ:HQCL) last posted its earnings results on Friday, November 10th. The semiconductor company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $543.00 million during the quarter, compared to analysts’ expectations of $564.60 million. Hanwha Q CELLS Co. had a net margin of 0.75% and a return on equity of 3.54%. The business’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. sell-side analysts forecast that Hanwha Q CELLS Co. will post 0.55 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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