Canadian Solar Now Covered by Analysts at Northland Securities (CSIQ)
Equities research analysts at Northland Securities assumed coverage on shares of Canadian Solar (NASDAQ:CSIQ) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
CSIQ has been the subject of a number of other recent research reports. 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 Zacks reiterated a “neutral” rating on shares of Canadian Solar in a research note to investors on Monday, August 26th. They now have a $14.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $20.40.
Shares of Canadian Solar (NASDAQ:CSIQ) opened at 19.13 on Tuesday. Canadian Solar has a one year low of $1.95 and a one 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 posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.59) earnings per share. Canadian Solar’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Canadian Solar will post $0.21 earnings per share for the current fiscal year.
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.
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