Price Don’t Lie: Could Canadian Solar Inc. Recover After Today’s Big Decline?

Price Don't Lie: Could Canadian Solar Inc. Recover After Today's Big Decline?

The stock of Canadian Solar Inc. (NASDAQ:CSIQ) is a huge mover today! About 3.14M shares traded hands or 109.33% up from the average. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 28.46% since April 4, 2016 and is downtrending. It has underperformed by 29.55% the S&P500.
The move comes after 7 months negative chart setup for the $694.92M company. It was reported on Nov, 4 by Barchart.com. We have $11.36 PT which if reached, will make NASDAQ:CSIQ worth $48.64 million less.

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. The company was initiated on Tuesday, August 25 by Cowen & Co. The rating was maintained by FBR Capital with “Outperform” on Friday, August 19. The rating was upgraded by Standpoint Research on Monday, August 24 to “Buy”. The stock has “Buy” rating given by Canaccord Genuity on Thursday, December 17. As per Tuesday, September 8, the company rating was initiated by Oppenheimer. The firm earned “Market Perform” rating on Friday, August 19 by Cowen & Co. The firm has “Buy” rating given on Thursday, January 21 by Standpoint Research. The rating was initiated by Morgan Stanley on Tuesday, November 10 with “Overweight”. The rating was upgraded by Standpoint Research on Friday, August 21 to “Buy”. As per Wednesday, August 24, the company rating was downgraded by Barclays 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.”

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 Supplies 5.74 MW of PV Modules to Agricultural Projects in …” published on November 03, 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.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment