With a market capitalization of $747.7M, Canadian Solar Inc. has a one-year low of $12.12 and a 52 week high of $29.83 with a price-earnings ratio of 5.
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Although the energy company surpassed consensus revenue and earnings in the quarter, its increasing operating expenditure gained much traction.
Many Wall Street Analysts have commented on Canadian Solar. Zero analyst has rated the stock with a sell rating, 1 has assigned a hold rating, 0 says it’s a buy, and 4 have assigned a strong buy rating to the company.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in CSIQ.
We rate CANADIAN SOLAR INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Finally, FBR & Co decreased their price objective on Canadian Solar from $32.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 19th. Previously, the firm was looking for Canadian Solar to earn $2.35 per share in 2016 and $2.65 per share in 2017. During the same quarter past year, the business posted $0.31 EPS. Fox Run Management L.L.C. purchased a new position in Canadian Solar during the second quarter worth approximately $206,000. The firm has a 50-day moving average price of $14.29 and a 200-day moving average price of $17.25. For the current year Canadian Solar Inc. Quantitative Systematic Strategies LLC boosted its position in shares of Canadian Solar by 27.2% in the second quarter. Ruffer LLP now owns 660,236 shares of the company’s stock valued at $12,739,000 after buying an additional 72,077 shares during the period. BlackRock Fund Advisors raised its stake in Canadian Solar by 16.5% in the first quarter. (NASDAQ:CSIQ)’s Buy count is 0 and Strong Buy is 4 while the number of analysts recommending Sell and Strong Sell are 1 and 1, respectively. Zacks Investment Research downgraded shares of Canadian Solar from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Finally, Roth Capital reaffirmed a “buy” rating and set a $28.00 price target on shares of Canadian Solar in a research report on Sunday, May 15th. The Company sells its products under Canadian Solar brand name. Canadian Solar now has an average rating of “Buy” and a consensus price target of $23.74. Canadian Solar now has a consensus rating of “Buy” and a consensus price target of $22.45. The Companys module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits.
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According to the Latest Earnings results, Canadian Solar Inc. reported Earnings Per Share (EPS) of $0.7 whereas, the Analyst were expecting an EPS of $0.37/share. The Companys energy segment involves solar power project development, engineering, procurement and construction services, operations and maintenance services, and electricity revenue generation.
