Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Hanwha Q CELLS Co. (HQCL) Share Price
News headlines about Hanwha Q CELLS Co. (NASDAQ:HQCL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanwha Q CELLS Co. earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.1360492987735 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have issued reports on HQCL shares. Zacks Investment Research upgraded Hanwha Q CELLS Co. from a “hold” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research note on Tuesday, August 15th. BidaskClub upgraded Hanwha Q CELLS Co. from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Axiom Securities reiterated a “sell” rating on shares of Hanwha Q CELLS Co. in a research note on Friday, September 8th. Finally, ValuEngine cut Hanwha Q CELLS Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.75.
Hanwha Q CELLS Co. (HQCL) traded down 2.84% during midday trading on Friday, reaching $8.21. The company’s stock had a trading volume of 20,064 shares. Hanwha Q CELLS Co. has a 1-year low of $8.02 and a 1-year high of $8.59.
Hanwha Q CELLS Co. (NASDAQ:HQCL) last announced its quarterly earnings results on Thursday, August 10th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.15. Hanwha Q CELLS Co. had a return on equity of 11.55% and a net margin of 2.30%. The firm had revenue of $577.70 million for the quarter, compared to analysts’ expectations of $571.90 million. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. Analysts expect that Hanwha Q CELLS Co. will post $0.57 EPS for the current fiscal year.
About Hanwha Q CELLS Co.
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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