Canadian Solar Sets New 1-Year High at $25.56 (CSIQ)
Canadian Solar (NASDAQ:CSIQ) set a new 52-week high during trading on Friday, Analyst Ratings News reports. The stock traded as high as $25.56 and last traded at $25.56, with a volume of 5,715,923 shares. The stock had previously closed at $23.00.
A number of analysts have recently weighed in on CSIQ shares. Analysts at Lazard Capital Markets raised their price target on shares of Canadian Solar from $25.00 to $35.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Canadian Solar in a research note to investors on Tuesday, October 8th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Canadian Solar in a research note to investors on Tuesday, October 8th. They set an “outperform” rating and a $26.00 price target on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Canadian Solar presently has an average rating of “Buy” and an average target price of $23.00.
Canadian Solar has a 52-week low of $1.95 and a 52-week high of $16.40. The stock has a 50-day moving average of $19.04 and a 200-day moving average of $12.41. The company’s market cap is $1.122 billion.
Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results 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 prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Canadian Solar will post $0.17 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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