In today’s session Canadian Solar Inc. (CSIQ) registered an unusually high (407) 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 407 contracts traded and 2854 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSIQ161021C00015500 closed last at: $0.25 or 37.5% down. About 246,638 shares traded hands. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.61% since March 15, 2016 and is downtrending. It has underperformed by 31.09% 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. As per Friday, August 21, the company rating was upgraded by Standpoint Research. The firm earned “Buy” rating on Monday, August 24 by Standpoint Research. The rating was downgraded by OTR Global on Wednesday, January 27 to “Mixed”. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, December 17. The firm earned “Overweight” rating on Tuesday, November 10 by Morgan Stanley. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) earned “Equal-Weight” rating by Barclays Capital on Wednesday, August 24. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, September 24. As per Wednesday, March 16, the company rating was initiated by Northland Capital. On Wednesday, November 25 the stock rating was downgraded by Standpoint Research to “Hold”. The rating was initiated by Cowen & Co with “Outperform” on Tuesday, August 25.
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 $839.88 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 5.59 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: Prnewswire.com which released: “Canadian Solar Secures JPY9.6 Billion Syndicated Loan with Sumitomo Mitsui …” on October 13, 2016, also Fool.com with their article: “Canadian Solar Inc.’s Worst Move in 2016 So Far” published on September 29, 2016, Profitconfidential.com published: “CSIQ Stock: Is Canadian Solar Inc. Stock About to Skyrocket?” on October 07, 2016. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: Investorguide.com and their article: “Canadian Solar Has a Debt Problem: Time to Worry?” published on October 17, 2016 as well as Fool.com‘s news article titled: “Canadian Solar Inc.’s Biggest Win in 2016 So Far” with publication date: September 19, 2016.
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