For the second quarter the solar module maker reported a loss of -10 cents a share. Revenue fell -6.4% from the year-ago quarter to $178.5 million.
Hanwha SolarOne shipped 339.5 MW of solar modules in the second quarter, a 5.7% increase from the year-ago quarter, but below its guidance of 350 MW to 370 MW for the quarter. The company said it expects to ship 400 MW worth of solar modules in the third quarter, and 1.5 GW to 1.6 GW in the full year.
TheStreet Ratings team rates HANWHA SOLARONE CO LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate HANWHA SOLARONE CO LTD (HSOL) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: HSOL Ratings Report
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