[Alpha Biz= Paul Lee] SEOUL – South Korean brokerages are lowering their price targets for Hanwha Solutions, citing an inevitable short-term earnings slump caused by a production stoppage at its U.S. solar module facilities.



On July 31, Samsung Securities analyst Cho Hyun-ryul projected that Hanwha Solutions would post a ₩130.3 billion operating loss in Q3 — well below consensus — due to production halts linked to quality issues at its U.S. plants. Samsung Securities trimmed its target price from ₩43,000 to ₩39,000.



Hana Securities analyst Yoon Jae-sung downgraded the stock from “Buy” to “Neutral” and slashed the target price from ₩40,000 to ₩33,000, warning that operating losses will widen:



“We expect Hanwha Solutions to swing to a ₩160.4 billion operating loss in Q3. Rising tariffs on raw materials, higher costs to secure non-China products, and lower utilization rates from cell quality issues are amplifying fixed cost burdens,” Yoon said.



Other brokerages also cut forecasts:

NH Investment & Securities: ₩51,000 → ₩45,000

Mirae Asset Securities: ₩51,000 → ₩38,000

Hanwha Investment & Securities: ₩42,000 → ₩38,000



Hanwha Solutions reported Q2 revenue of ₩3.117 trillion and operating profit of ₩102.1 billion on July 30 — returning to profit year-over-year but still missing market expectations.



Analysts expect investor sentiment to improve after Q4, but for now, warn that the stock faces earnings pressure in the coming quarter.

 

 

 

[ⓒ 알파경제. 무단전재-재배포 금지]