Revenue Update on Hanwha Q Cells Co Ltd -ADR(NASDAQ:HQCL)

Hanwha Q Cells Co Ltd -ADR(NASDAQ:HQCL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $565.900M. Analysts estimated a revenue of $600.500M. The revenues were -5.76% below the estimates. Earnings per share were $-0.31. The reported EPS was below estimates by -720%. Analysts had estimated an EPS of $0.05.

Hanwha Q Cells Co Ltd -ADR (HQCL) made into the market gainers list on Fridays trading session with the shares advancing 3.73% or 0.25 points. Due to strong positive momentum, the stock ended at $6.95, which is also near the day’s high of $6.99. The stock began the session at $6.66 and the volume stood at 36,249 shares. The 52-week high of the shares is $16.88 and the 52 week low is $6.5. The company has a current market capitalization of $584 M and it has 8,40,16,166 shares in outstanding.

Hanwha Q CELLS Co. Ltd. formerly Hanwha SolarOne Co. Ltd. (Hanwha SolarOne) 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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