Xinyi Solar (XNYIF) Projected to Post Quarterly Earnings on Friday

Xinyi Solar (OTCMKTS:XNYIF) is anticipated to post its results before the market opens on Friday, July 31st. Analysts expect the company to announce earnings of ($0.0088) per share and revenue of $1.5261 billion for the quarter.

Xinyi Solar Stock Performance

OTCMKTS:XNYIF opened at $0.24 on Thursday. Xinyi Solar has a 12-month low of $0.22 and a 12-month high of $0.52. The stock has a 50-day moving average price of $0.29 and a 200 day moving average price of $0.36.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Xinyi Solar from a “neutral” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Xinyi Solar Company Profile

Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) is a Hong Kong–based manufacturer specializing in solar photovoltaic glass and related products. Established in 2008 as a spin-off from Xinyi Glass Holdings, the company focuses on producing high-transmission glass for use in photovoltaic modules and building-integrated photovoltaics (BIPV). Its product portfolio includes ultra-clear solar glass, tempered glass, and protective backsheet materials designed to enhance module efficiency and durability.

The company’s core business activities encompass the design, manufacturing and sale of solar glass products, as well as the development and investment in solar power assets.