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.



Like this

loading...
loading...

Latest


18 July 2017
Jessica Alba Is Pregnant, Expecting Third Child with Cash Warren!
Over the weekend, Jessica was spotted on vacation in Hawaii where she was seen wearing a bikini. This will be the third child for Alba and her husband, fashion entrepreneur Cash Warren .

18 July 2017
Una ola de frío llegó a la región
En Bariloche se registró este domingo la temperatura más baja de la historia de la ciudad. El lunes comenzó con 11 grados bajo cero a las 0:00 y una sensación térmica de -14.4°.

18 July 2017
Windjammers tosses out an August release for PS4 and PSVita
You can check them out in the trailer above, which also shows the game in action, so you have a pretty good idea what to expect. While the game requires just two buttons, "a combination of skill, experience, and strategy is essential for victory".

18 July 2017
Polish teen found hanged in school toilets 'suffered racist abuse from pupils'
A school friend, who cannot be named for legal reasons, told the inquest Dagmara had been targeted by racist bullies. Dagmara's father, Jedrzej, said in a statement both he and Dagmara's mother Ewelina then left work early.

18 July 2017
Ed Sheeran lights up social media with Game of Thrones cameo
Though viewing habits have changed over the years, that's still the weakest time for television performance. The new season of Game Of Thrones will premiere in India on Tuesday night.

18 July 2017
UAE denies hacking Qatari news agency
The report says it is unclear whether Abu Dhabi carried out the hacks itself or contracted to have them done. Mr Gargash called for "a regional solution and worldwide monitoring" to solve the Gulf crisis.

18 July 2017
South Korea Wants Talks Not Hostility With North
Mr Trump also said China's trade with North Korea had grown almost 40 per cent in the first quarter. North Korea is believed to possess hundreds of missiles capable of striking South Korea and Japan.

18 July 2017
Mother Found Dead With 2 Kids Killed Another Woman Hours Earlier
Edens and her two children, Hayden and Harper, were found dead in a black Jeep in a gas station parking lot, according to police. Meredith Rahme will be laid to rest at Memorial Park Funeral Home and Cemetery in Memphis, Greenville Online reported .

18 July 2017
Alec Baldwin To Play Colonel Jessep In NBC's Live "A Few Good"
The upcoming TV season will see a live production of Andrew Lloyd Webber and Tim Rice's Jesus Christ Superstar on Easter Sunday. The show follows a recent trend of live TV musicals, including "The Sound of Music", "Peter Pan", "The Wiz" and "Hairspray".

18 July 2017
Halbert Hargrove Russell LLC Has $298000 Position in Comcast Corporation (CMCSA)
The cable giant reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.09. Following the completion of the sale, the director now directly owns 26,812 shares of the company's stock, valued at $1,085,886.