The stock of Canadian Solar Inc. (NASDAQ:CSIQ) is a huge mover today! About 544,998 shares traded hands. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 43.12% since April 22, 2016 and is downtrending. It has underperformed by 48.53% the S&P500.
The move comes after 5 months positive chart setup for the $669.73 million company. It was reported on Nov, 25 by Barchart.com. We have $11.81 PT which if reached, will make NASDAQ:CSIQ worth $20.09 million more.
Analysts await Canadian Solar Inc. (NASDAQ:CSIQ) to report earnings on March, 9. They expect $0.41 EPS, down 60.95% or $0.64 from last year’s $1.05 per share. CSIQ’s profit will be $23.94M for 6.99 P/E if the $0.41 EPS becomes a reality. After $0.29 actual EPS reported by Canadian Solar Inc. for the previous quarter, Wall Street now forecasts 41.38% EPS growth.
Canadian Solar Inc. (NASDAQ:CSIQ) Ratings Coverage
Out of 13 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Canadian Solar Inc. has been the topic of 22 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, November 25 by Standpoint Research. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, November 22. The firm has “Market Perform” rating by Cowen & Co given on Friday, August 19. Barclays Capital initiated the shares of CSIQ in a report on Monday, April 4 with “Overweight” rating. The firm has “Buy” rating given on Thursday, September 24 by Stifel Nicolaus. The firm has “Outperform” rating by Northland Capital given on Wednesday, March 16. OTR Global downgraded the shares of CSIQ in a report on Wednesday, January 27 to “Mixed” rating. Cowen & Co initiated the stock with “Outperform” rating in Tuesday, August 25 report. The rating was initiated by FBR Capital on Friday, December 18 with “Outperform”. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) earned “Buy” rating by Canaccord Genuity on Thursday, December 17.
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: Profitconfidential.com which released: “Canadian Solar Inc.: This Is Why CSIQ Stock Got Creamed Today” on November 21, 2016, also Fool.com with their article: “Better Buy: Canadian Solar Inc. vs. First Solar” published on October 28, 2016, Prnewswire.com published: “Canadian Solar Energises a 24MWp Solar Power Plant In Japan” on November 17, 2016. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: Seekingalpha.com and their article: “Canadian Solar: Time To Buy?” published on November 18, 2016 as well as Prnewswire.com‘s news article titled: “Canadian Solar Schedules Third Quarter 2016 Earnings Conference Call” with publication date: November 08, 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.
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