Zacks: Hanwha Q CELLS (NASDAQ:HQCL) Given Consensus Recommendation of “Strong Buy” by Brokerages

Hanwha Q CELLS (NASDAQ:HQCL) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus price target of $19.00 for the company and are expecting that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also given Hanwha Q CELLS an industry rank of 10 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Hanwha Q CELLS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th.

Shares of Hanwha Q CELLS (NASDAQ:HQCL) opened at 21.42 on Monday. The firm has a market cap of $1.78 billion and a P/E ratio of 88.51. The stock has a 50 day moving average of $20.92 and a 200 day moving average of $16.00. Hanwha Q CELLS has a 52 week low of $7.70 and a 52 week high of $28.87.

Hanwha Q CELLS (NASDAQ:HQCL) last issued its quarterly earnings data on Thursday, November 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.44. The business earned $427 million during the quarter, compared to analyst estimates of $558.40 million. Equities analysts forecast that Hanwha Q CELLS will post $0.77 earnings per share for the current year.

12 Month Chart for NASDAQ:HQCL

Hanwha Q CELLS Co., Ltd., formerly Hanwha SolarOne Co., Ltd. (NASDAQ:HQCL), 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.

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