Today’s Stock On Watch: Could Canadian Solar Inc. Decline After Today’s Big Increase?

Today's Stock On Watch: Could Canadian Solar Inc. Decline After Today's Big Increase?

The stock of Canadian Solar Inc. (NASDAQ:CSIQ) is a huge mover today! About 1.55M shares traded hands. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 41.35% since March 2, 2016 and is downtrending. It has underperformed by 49.61% the S&P500.
The move comes after 9 months positive chart setup for the $826.77 million company. It was reported on Oct, 5 by We have $17.53 PT which if reached, will make NASDAQ:CSIQ worth $165.35 million more.

Canadian Solar Inc. (NASDAQ:CSIQ) Ratings Coverage

Out of 13 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Canadian Solar Inc. has been the topic of 20 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Barclays Capital initiated the stock with “Overweight” rating in Monday, April 4 report. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Mixed” rating given on Wednesday, January 27 by OTR Global. Canaccord Genuity maintained Canadian Solar Inc. (NASDAQ:CSIQ) rating on Thursday, December 17. Canaccord Genuity has “Buy” rating and $35 price target. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Outperform” rating given on Tuesday, September 8 by Oppenheimer. Cowen & Co downgraded it to “Market Perform” rating and $13 target price in Friday, August 19 report. The company was initiated on Wednesday, March 16 by Northland Capital. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) earned “Outperform” rating by FBR Capital on Friday, August 19. The company was initiated on Thursday, September 24 by Stifel Nicolaus. The firm has “Outperform” rating by Cowen & Co given on Tuesday, August 25. TH Capital maintained the stock with “Buy” rating in Wednesday, August 19 report.

According to Zacks Investment Research, “Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.”

More notable recent Canadian Solar Inc. (NASDAQ:CSIQ) news were published by: which released: “Canadian Solar Inc.’s Worst Move in 2016 So Far” on September 29, 2016, also with their article: “Canadian Solar Inc.’s Biggest Win in 2016 So Far” published on September 19, 2016, published: “Canadian Solar Wins ARENA Funding for 47MWp Solar Power Projects in Australia” on September 28, 2016. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: and their article: “Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Tranquillity …” published on September 26, 2016 as well as‘s news article titled: “Canadian Solar Subsidiary Recurrent Energy Reaches Commercial Operation of 60 …” with publication date: September 29, 2016.

CSIQ Company Profile

Canadian Solar Inc., incorporated on June 1, 2006, is a solar power company. The Firm is a well-known provider of solar power products, services and system solutions with activities in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The Company’s divisions include module segment, energy development segment and electricity generation segment. The Firm designs, develops and makes solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. The Company’s energy development segment consists of solar power project development, engineering, procurement and construction (EPC) services, and operation and maintenance (O&M) services. The Company’s electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity. The Company’s products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. The Firm sells its products primarily under Canadian Solar brand name.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment