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Equities research analysts at Roth Capital lifted their target price on shares of Canadian Solar (NASDAQ:CSIQ) to $50.00 in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. Roth Capital’s price objective would indicate a potential upside of 26.01% from the company’s current price.

A number of other firms have also recently commented on CSIQ. 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. Six investment analysts have rated the stock with a buy rating, Canadian Solar has a consensus rating of “Buy” and a consensus target price of $33.86.

Shares of Canadian Solar (NASDAQ:CSIQ) opened at 39.68 on Wednesday. Canadian Solar has a 1-year low of $3.12 and a 1-year high of $43.60. The stock’s 50-day moving average is $34.51 and its 200-day moving average is $22.94. The company’s market cap is $1.882 billion.

Canadian Solar (NASDAQ:CSIQ) last announced its earnings results 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. On average, analysts predict that Canadian Solar will post $0.66 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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