Xinyi Solar (XNYIF) Expected to Release Earnings on Friday

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

Xinyi Solar Stock Performance

Shares of XNYIF stock opened at $0.24 on Wednesday. The business has a fifty day simple moving average of $0.29 and a 200 day simple moving average of $0.36. Xinyi Solar has a twelve month low of $0.22 and a twelve month high of $0.52.

Wall Street Analyst Weigh In

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