Economy

Canadian Solar (CSIQ) Receiving Somewhat Favorable Media Coverage, Study Finds

A number of research analysts have recently commented on the company.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

11/22/2016 - Canadian Solar Inc. had its " rating reiterated by analysts at JMP Securities.

Previously Canadian Solar Inc (NASDAQ:CSIQ) reported $-0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $-0.27. Cambridge Investment Research Advisors Inc. now owns 43,599 shares of the solar energy provider's stock valued at $535,000 after buying an additional 30,523 shares during the last quarter.

The share price of the company (NASDAQ:CSIQ) was down -0.18%, with a high of 16.49 during the day and the volume of Canadian Solar Inc. shares traded was 767582. Cambridge Investment Research Advisors Inc. increased its position in shares of Canadian Solar by 233.4% in the first quarter. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.32% since July 17, 2016 and is downtrending.

This table compares Canadian Solar and DAQO New Energy Corp.'s net margins, return on equity and return on assets. Analysts predict that Canadian Solar will post $1.54 earnings per share for the current fiscal year.

Barclays lowered the price target and downgraded the stock on August 24 changing the price objective from $24.00 to $14.00 and moving the rating from "Overweight" to "Equal-weight".

On the other hand the company has Relative Strength Index (RSI 14) of 73.2 along with Average True Range (ATR 14) of 0.61, Consequently Canadian Solar Inc (NASDAQ:CSIQ)'s weekly and monthly volatility is 3.46%, 4.28% respectively. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock.

Heading into the stock price potential, Canadian Solar Inc.by far traveled -22.76% after crossing its median price target of $13. The company had revenue of $677 million for the quarter, compared to analysts' expectations of $580.45 million. Additionally, CSIQ had a day price range of $16.34 to $17. During the same period in the prior year, the firm posted $0.39 EPS. FBR & Co reissued a "mkt perform" rating and set a $13.00 target price (up from $12.00) on shares of Canadian Solar in a research note on Wednesday, March 22nd. ValuEngine lowered shares of Canadian Solar from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Wedbush Securities Inc. bought a new stake in shares of Canadian Solar during the first quarter worth $189,000. The firm's revenue was down 6.2% compared to the same quarter previous year. California Public Employees Retirement System increased its position in shares of Canadian Solar by 2.1% in the first quarter. Bank of America Corp DE boosted its stake in shares of Canadian Solar by 10.2% in the first quarter.

Axiom Capital "Initiates Coverage On" Canadian Solar Inc (NASDAQ:CSIQ) in a research note issued to investors on 4/17/17 to Buy with price target of $18. "(NASDAQ:CSIQ) to Announce -$0.16 EPS" was first reported by Sports Perspectives and is the property of of Sports Perspectives.

ILLEGAL ACTIVITY NOTICE: "Analysts Anticipate Canadian Solar Inc". If you are reading this article on another site, it was copied illegally and republished in violation of USA and global copyright laws. Past 5 years growth of Canadian Solar Inc (NASDAQ:CSIQ) observed at -4.94%, looking forward for the next 5 years it has a strong prediction of 33.5% over growth. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. Its segments include module segment, energy development segment and electricity generation segment.



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