Hanwha Solarone Co Ltd (NASDAQ:HSOL) Stock Surge By 2.47%


Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Hanwha Solarone Co Ltd (NASDAQ:HSOL) rose by 2.47%. The opening price of the shares was $4.97, which climbed to an intraday high of $5.17 and dipped to a close of $4.98. Approximately 2.26 million shares were traded on Tuesday while an average volume of 2.87 million shares were traded over a 30 day period. The 52-week low of Hanwha Solarone Co Ltd (NASDAQ:HSOL) shares is $0.77 and its 52-week high is $5.70. The company has a market capitalization of $421.70 million.                                        

About the company

Hanwha Solarone Co Ltd (NASDAQ:HSOL) was incorporated on 12 May 2006. It is an integrated-manufacturer of silicon ingots, silicon-wafers, PV cells & PV modules in China. Hanwha Solarone Co Ltd (NASDAQ:HSOL) manufactures a variety of silicon ingots, silicon-wafers, Photovoltaic cells &  PV modules with the use of advanced manufacturing-process technologies. These processes have helped Hanwha Solarone Co Ltd (NASDAQ:HSOL) to raise its operational efficiency. It also provides PV module-processing services. Hanwha Solarone Co Ltd (NASDAQ:HSOL) sells PV cells & PV modules directly to the system integrators 7 via 3rd-party distributors. Hanwha Solarone Co Ltd (NASDAQ:HSOL)’s products mainly include silicon ingots, silicon-wafers, PV cells & PV modules. It also provides PV module-processing services. As of 1 April 2013, it had 1.5 GW of annual PV-module production capacity.

A PV cell is essentially a semiconductor-device that converts sun-light into electricity by the photovoltaic effect process. As of 1 April 2013, Hanwha Solarone Co Ltd (NASDAQ:HSOL) produced 2  types of PV cells- Monocrystalline silicon cell & Multicrystalline silicon cell. A PV-module is the assembly of PV-cells that have been electrically-interconnected & laminated in a durable & weather-proof package. It has been selling a variety of PV modules, from 180 watt -300 watt in power-output specification. These are mainly from the PV cells that it manufactures. A majority of PV modules that Hanwha Solarone Co Ltd (NASDAQ:HSOL) offers range in power between 240 watt- 295 watt.