Canadian Solar Coverage Initiated at Northland Capital Partners (CSIQ)
Analysts at Northland Capital Partners assumed coverage on shares of Canadian Solar (NASDAQ:CSIQ) in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Northland Capital Partners’ price target indicates a potential upside of 35.91% from the stock’s previous close.
Canadian Solar (NASDAQ:CSIQ) opened at 19.13 on Tuesday. Canadian Solar has a 1-year low of $1.95 and a 1-year high of $19.90. The stock’s 50-day moving average is $14.51 and its 200-day moving average is $10.19. The company’s market cap is $840.0 million.
Canadian Solar (NASDAQ:CSIQ) last released its earnings data on Thursday, August 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.09. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $419.83 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that Canadian Solar will post $0.21 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities initiated coverage on shares of Canadian Solar in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of Canadian Solar from $20.00 to $25.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of Canadian Solar from $18.00 to $20.00 in a research note to investors on Friday, September 20th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Canadian Solar presently has a consensus rating of “Buy” and a consensus target price of $20.40.
Canadian Solar Inc (NASDAQ:CSIQ) designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.