Canadian Solar Inc. Has Another Very Negative Options Trading Session

 Canadian Solar Inc. Has Another Very Negative Options Trading Session

In today’s session Canadian Solar Inc. (CSIQ) recorded an unusually high (1,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CSIQ decrease. With 1,000 contracts traded and 604 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CSIQ161118P00014000 closed last at: $0.7 or 16.7% up. About 271,855 shares traded hands. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.61% since March 30, 2016 and is downtrending. It has underperformed by 28.62% 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. On Thursday, September 24 the stock rating was initiated by Stifel Nicolaus with “Buy”. The rating was maintained by FBR Capital on Friday, August 19 with “Outperform”. Cowen & Co initiated Canadian Solar Inc. (NASDAQ:CSIQ) rating on Tuesday, August 25. Cowen & Co has “Outperform” rating and $28.50 price target. Canaccord Genuity maintained it with “Buy” rating and $35 target price in Thursday, December 17 report. The firm has “Overweight” rating by Barclays Capital given on Monday, April 4. Standpoint Research downgraded Canadian Solar Inc. (NASDAQ:CSIQ) on Wednesday, November 25 to “Hold” rating. The stock has “Mixed” rating given by OTR Global on Wednesday, January 27. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Buy” rating given on Friday, August 21 by Standpoint Research. The rating was downgraded by Cowen & Co on Friday, August 19 to “Market Perform”. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Outperform” rating given on Friday, December 18 by FBR Capital.

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 $818.16 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 5.46 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: Fool.com which released: “Better Buy: Canadian Solar Inc. vs. First Solar” on October 28, 2016, also Prnewswire.com with their article: “Canadian Solar Secures JPY9.6 Billion Syndicated Loan with Sumitomo Mitsui …” published on October 13, 2016, Bloomberg.com published: “Canadian Solar, Unisun Buy Stakes in Suzlon Projects” on October 19, 2016. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: Prnewswire.com and their article: “Canadian Solar and EDF Energies Nouvelles to Partner and Start Construction of …” published on October 11, 2016 as well as Profitconfidential.com‘s news article titled: “CSIQ Stock: Is Canadian Solar Inc. Stock About to Skyrocket?” with publication date: October 07, 2016.

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