Canadian Solar Sets New 1-Year High at $33.94 (CSIQ)
Canadian Solar (NASDAQ:CSIQ) set a new 52-week high during trading on Thursday, Analyst RN reports. The stock traded as high as $33.94 and last traded at $33.49, with a volume of 6,458,055 shares. The stock had previously closed at $29.82.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Canadian Solar in a research note to investors on Friday, December 6th. They now have a $35.00 price target on the stock. Separately, analysts at Northland Securities raised their price target on shares of Canadian Solar from $26.00 to $40.00 in a research note to investors on Thursday, November 14th. They now have an “outperform” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Canadian Solar from $26.00 to $40.00 in a research note to investors on Thursday, November 14th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $31.17.
Canadian Solar has a 52-week low of $3.12 and a 52-week high of $33.25. The stock’s 50-day moving average is $29.59 and its 200-day moving average is $19.17. The company’s market cap is $1.599 billion.
Canadian Solar (NASDAQ:CSIQ) last released its earnings data on Wednesday, November 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.22. The company had revenue of $490.90 million for the quarter, compared to the consensus estimate of $480.10 million. During the same quarter in the previous year, the company posted ($1.01) earnings per share. The company’s revenue for the quarter was up 50.6% on a year-over-year basis.
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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