Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1 year consensus target price of $8.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Hanwha Q Cells an industry rank of 122 out of 265 based on the ratings given to related companies.
A number of brokerages have commented on HQCL. Zacks Investment Research raised shares of Hanwha Q Cells from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Wednesday, January 3rd. BidaskClub downgraded shares of Hanwha Q Cells from a “buy” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine raised shares of Hanwha Q Cells from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th.
Hanwha Q Cells 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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