Several brokerages have updated their recommendations and price targets on shares of Canadian Solar (NASDAQ: CSIQ) in the last few weeks:

  • 9/13/2016 – Canadian Solar was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $14.50 price target on the stock.
  • 9/8/2016 – Canadian Solar is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.
  • 9/6/2016 – Canadian Solar had its “buy” rating reaffirmed by analysts at Standpoint Research. They now have a $18.00 price target on the stock.
  • 9/5/2016 – Canadian Solar was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $14.50 price target on the stock.
  • 8/29/2016 – Canadian Solar was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $14.50 price target on the stock.
  • 8/25/2016 – Canadian Solar is now covered by analysts at Cowen and Company. They set an “outperform” rating and a $28.50 price target on the stock.
  • 8/24/2016 – Canadian Solar was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $14.00 price target on the stock, down previously from $24.00.
  • 8/22/2016 – Canadian Solar was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $14.62 price target on the stock.
  • 8/21/2016 – Canadian Solar was given a new $20.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/19/2016 – Canadian Solar had its price target lowered by analysts at FBR & Co from $32.00 to $23.00. They now have an “outperform” rating on the stock.
  • 8/19/2016 – Canadian Solar was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating. They now have a $13.00 price target on the stock, down previously from $20.00.
  • 8/19/2016 – Canadian Solar was given a new $20.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 8/9/2016 – Canadian Solar was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $14.42 price target on the stock.
  • 8/8/2016 – Canadian Solar had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $20.00 price target on the stock.
  • 8/3/2016 – Canadian Solar was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “underweight” rating. They now have a $12.80 price target on the stock, down previously from $24.00.
  • 7/26/2016 – Canadian Solar was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Canadian Solar is slowly losing its ground in America despite promising prospects. The company’s falling revenues in the region is a growing concern. Stiff competition from cheaper alternatives, exposure to foreign exchange risks are other major concerns for the company. However, Canadian Solar caters to a geographically diverse customer base spread across both key markets and emerging markets. It is gradually gaining share in Asia, which could soon become a major solar market. The company has a strong pipeline of projects and is known for its strategic moves that consolidate its position. It also enjoys certain advantages over its peers due to its vertically integrated structure.”

Canadian Solar Inc. (NASDAQ:CSIQ) traded up 2.08% during mid-day trading on Wednesday, hitting $12.29. 789,859 shares of the stock were exchanged. The company’s 50-day moving average price is $13.23 and its 200 day moving average price is $16.26. The firm has a market capitalization of $707.97 million, a price-to-earnings ratio of 4.66 and a beta of 2.93. Canadian Solar Inc. has a 52 week low of $11.72 and a 52 week high of $29.83.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.37 by $0.31. The business had revenue of $805.90 million for the quarter, compared to analysts’ expectations of $735.82 million. Canadian Solar had a net margin of 4.45% and a return on equity of 19.71%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. Equities research analysts expect that Canadian Solar Inc. will post $1.60 EPS for the current year.

Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.

5 Day Chart for NASDAQ:CSIQ

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