Some Traders See Unusual Bullish Options Activity in Canadian Solar Inc.

 Some Traders See Unusual Bullish Options Activity in Canadian Solar Inc.

In today’s session Canadian Solar Inc. (CSIQ) registered an unusually high (522) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CSIQ increase. With 522 contracts traded and 9854 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSIQ161021C00015000 closed last at: $0.5 or 66.7% up. About 770,661 shares traded hands. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 34.16% since March 4, 2016 and is downtrending. It has underperformed by 42.20% the S&P500.

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. FBR Capital initiated the stock with “Outperform” rating in Friday, December 18 report. Cowen & Co downgraded the shares of CSIQ in a report on Friday, August 19 to “Market Perform” rating. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Overweight” rating given on Monday, April 4 by Barclays Capital. Standpoint Research upgraded the shares of CSIQ in a report on Monday, August 24 to “Buy” rating. FBR Capital maintained the stock with “Outperform” rating in Friday, August 19 report. Standpoint Research upgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Thursday, January 21 to “Buy” rating. TH Capital maintained it with “Buy” rating and $40 target price in Wednesday, August 19 report. Standpoint Research downgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Wednesday, November 25 to “Hold” rating. On Wednesday, March 16 the stock rating was initiated by Northland Capital with “Outperform”. The company was maintained on Thursday, December 17 by Canaccord Genuity.

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.”

Canadian Solar Inc. is a solar power company. The company has a market cap of $831.52 million. 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. It has a 5.38 P/E ratio. The Company’s divisions include module segment, energy development segment and electricity generation segment.

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.

More notable recent Canadian Solar Inc. (NASDAQ:CSIQ) news were published by: Profitconfidential.com which released: “CSIQ Stock: Is Canadian Solar Inc. Stock About to Skyrocket?” on October 07, 2016, also Fool.com with their article: “Canadian Solar Inc.’s Worst Move in 2016 So Far” published on September 29, 2016, Fool.com published: “Canadian Solar Inc.’s Biggest Win in 2016 So Far” on September 19, 2016. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: Prnewswire.com and their article: “Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Tranquillity …” published on September 26, 2016 as well as Fool.com‘s news article titled: “Canadian Solar Inc.’s Biggest Failure in 2016 — So Far” with publication date: September 08, 2016.

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