Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.7473.
A number of research firms have weighed in on CSIQ. Wall Street Zen cut Canadian Solar from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 29th. Mizuho lowered their price objective on Canadian Solar from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Weiss Ratings downgraded Canadian Solar from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Wells Fargo & Company cut their target price on Canadian Solar from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, August 31st. Finally, Citigroup decreased their target price on Canadian Solar from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th.
Get Our Latest Analysis on CSIQ
Institutional Inflows and Outflows
Canadian Solar Stock Up 3.2%
Shares of NASDAQ:CSIQ opened at $11.77 on Thursday. The business has a 50-day moving average price of $14.18 and a 200 day moving average price of $15.27. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $799.18 million, a price-to-earnings ratio of -3.07 and a beta of 1.51. Canadian Solar has a 12-month low of $11.10 and a 12-month high of $34.59.
Canadian Solar (NASDAQ:CSIQ – Get Free Report) last posted its earnings results on Thursday, August 27th. The solar energy provider reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.22). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Canadian Solar had a negative net margin of 3.73% and a negative return on equity of 5.57%. The firm’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.53) EPS. Sell-side analysts expect that Canadian Solar will post -2.93 EPS for the current year.
Canadian Solar Company Profile
Canadian Solar Inc (NASDAQ:CSIQ) is a solar technology and renewable energy company founded in 2001 by Shawn Qu and headquartered in Guelph, Ontario. The company designs and manufactures solar photovoltaic modules and provides related products, including battery energy storage systems, inverters and other equipment used in commercial, industrial and utility-scale renewable energy installations.
Through its CSI Solar business, Canadian Solar supplies solar modules and delivers integrated energy solutions, including engineering, procurement and construction services.
Featured Stories
- Five stocks we like better than Canadian Solar
- Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
- Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback
- AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It
- Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for Canadian Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Solar and related companies with MarketBeat.com's FREE daily email newsletter.
