Is Selling Hanwha Q CELLS Co., Ltd. (HQCL) Here a Winning Strategy?

June 17, 2018 - By Vivian Park

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

The stock of Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) hit a new 52-week low and has $5.82 target or 7.00 % below today’s $6.26 share price. The 9 months bearish chart indicates high risk for the $521.15M company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $5.82 price target is reached, the company will be worth $36.48 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.03% or $0.13 during the last trading session, reaching $6.26. About 27,841 shares traded. Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) has risen 0.70% since June 17, 2017 and is uptrending. It has underperformed by 11.87% the S&P500.

Analysts await Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) to report earnings on August, 9. They expect $0.09 EPS, down 59.09 % or $0.13 from last year’s $0.22 per share. HQCL’s profit will be $7.49 million for 17.39 P/E if the $0.09 EPS becomes a reality. After $0.37 actual EPS reported by Hanwha Q CELLS Co., Ltd. for the previous quarter, Wall Street now forecasts -75.68 % negative EPS growth.

More recent Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) news were published by: Fool.com which released: “The Rout of Chinese Solar Stocks Has Wall Street Running Scared” on June 05, 2018. Also Investorplace.com published the news titled: “First Solar, Inc. Gets Major Downgrades — So Now What?” on June 07, 2018. Fool.com‘s news article titled: “China Just Dealt a Massive Blow to the Solar Industry” with publication date: June 06, 2018 was also an interesting one.

Hanwha Q CELLS Co., Ltd., a solar energy company, develops, makes, and sells solar cells and photovoltaic modules in South Korea, the United States, Europe, Japan, Australia, the People's Republic of China, India, Turkey, and internationally. The company has market cap of $521.15 million. The Company’s principal products include PV cells, PV modules, silicon ingots, and silicon wafers. It has a 521.67 P/E ratio. The firm also develops solar power projects, and sells them to third-party purchasers; and offers engineering, procurement, and construction, as well as operation and management services.

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