Shares of Hanwha SolarOne Co. (NASDAQ:HQCL) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Hanwha SolarOne’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $13.00 for the company and are anticipating that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Hanwha SolarOne an industry rank of 158 out of 265 based on the ratings given to its competitors.
HQCL has been the topic of several recent research reports. Zacks Investment Research lowered Hanwha SolarOne from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 9th. Roth Capital lowered Hanwha SolarOne from a “buy” rating to a “neutral” rating in a report on Friday, August 5th.
Hanwha SolarOne (NASDAQ:HQCL) opened at 11.23 on Tuesday. Hanwha SolarOne has a 1-year low of $9.72 and a 1-year high of $28.87. The firm’s 50-day moving average is $12.08 and its 200-day moving average is $13.33. The company has a market capitalization of $934.13 million, a P/E ratio of 5.11 and a beta of 2.47.
Hanwha SolarOne (NASDAQ:HQCL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.44. Hanwha SolarOne had a return on equity of 42.12% and a net margin of 8.03%. The company had revenue of $638 million for the quarter, compared to analyst estimates of $646 million. During the same quarter last year, the firm earned ($0.17) EPS. Hanwha SolarOne’s revenue for the quarter was up 88.8% compared to the same quarter last year. Equities research analysts predict that Hanwha SolarOne will post $1.67 EPS for the current year.
Several institutional investors have recently bought and sold shares of HQCL. Oxford Asset Management bought a new position in Hanwha SolarOne during the second quarter valued at approximately $392,000. AJO LP bought a new position in Hanwha SolarOne during the second quarter valued at approximately $171,000. Guggenheim Capital LLC increased its position in Hanwha SolarOne by 27.8% in the second quarter. Guggenheim Capital LLC now owns 493,596 shares of the company’s stock valued at $7,108,000 after buying an additional 107,408 shares during the period. Walleye Trading LLC increased its position in Hanwha SolarOne by 1,166.7% in the second quarter. Walleye Trading LLC now owns 7,600 shares of the company’s stock valued at $109,000 after buying an additional 7,000 shares during the period. Finally, Barclays PLC bought a new position in Hanwha SolarOne during the first quarter valued at approximately $432,000. Institutional investors and hedge funds own 1.59% of the company’s stock.
About Hanwha SolarOne
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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