Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) – Hanwha SolarOne Co Ltd (NASDAQ:HSOL) is the largest, and in recent times, the most successful Chinese solar products producer. The products this diversified solar energy player offers at some of the lowest price points in the world are – silicon ingots, PV modules as well as PV Cells, besides a range of manufacturing process technologies.
Hanwha SolarOne Co Ltd (NASDAQ:HSOL) as one of the key solar stock players has been among those showing great momentum in recent weeks. The resounding success in the solar vertical, in the run-up for this year has been, without doubt JA Solar.
JA Solar fourth quarter sets up rally
Hanwha SolarOne Co Ltd (NASDAQ:HSOL) has followed the lead set by JA Solar, which produced some knock-out fourth quarter results. Additionally, it also declared intentions of another likely rocking quarter ahead with guidance too indicating that, the solar sector is where the action is.
Besides, Solar ETFs such as Guggenheim solar have also showed quick rise, where it had showed a rise of 10% and more in the past month.
Hanwha SolarOne Co Ltd (NASDAQ:HSOL) other competitors such as First Solar too has established itself with the successful completion of several products, such as the Japanese power plant of 1.3 MW capacity. The reason for First Solar seeing great upside has been the reseller deal it has concluded with JX Nippon. One of the largest oil domain players in Japan, the Nixxon deal will now provide access to the fast-growing Japanese solar market.
Hanwha SolarOne Co Ltd (NASDAQ:HSOL) with a market capital of $240.21million and trades on the stock market at $2.83 per share. The stock holds a trading volume of 693, 546 shares. The company has fourth quarter EPS of -$0.04.Other solar stocks which also notched up some good performance in the recent weeks are: YGE, TSL as well as SOL.