A lot of different hedge funds and different institutional buyers have additionally just lately made modifications to their positions within the inventory. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its place in shares of Canadian Solar by 3.6% through the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,844 shares of the photo voltaic power supplier’s inventory price $390,000 after shopping for a further 556 shares over the past quarter. USCF Advisers LLC raised its holdings in shares of Canadian Solar by 87.5% within the fourth quarter. USCF Advisers LLC now owns 1,500 shares of the photo voltaic power supplier’s inventory valued at $39,000 after shopping for a further 700 shares over the past quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Canadian Solar by 8.0% within the fourth quarter. DekaBank Deutsche Girozentrale now owns 12,481 shares of the photo voltaic power supplier’s inventory price $326,000 after buying a further 928 shares over the past quarter. California Public Employees Retirement System boosted its holdings in shares of Canadian Solar by 1.7% within the third quarter. California Public Employees Retirement System now owns 93,479 shares of the photo voltaic power supplier’s inventory valued at $2,301,000 after buying a further 1,595 shares over the past quarter. Finally, Waterfront Wealth Inc. grew its place in Canadian Solar by 3.2% through the 4th quarter. Waterfront Wealth Inc. now owns 64,742 shares of the photo voltaic power supplier’s inventory price $1,698,000 after buying a further 2,037 shares over the past quarter. 52.36% of the inventory is owned by institutional buyers.
Solar Price Performance in Canada
CSIQ opened at $18.19 on Thursday. The firm has a fifty day shifting common value of $17.14 and a 2 hundred day shifting common value of $20.51. The firm has a market capitalization of $1.20 billion, a PE ratio of 6.32, a P/E/G ratio of 0.29 and a beta of 1.29. Canadian Solar Inc. has a 52-week low of $14.11 and a 52-week excessive of $45.29. The firm has a debt-to-equity ratio of 0.53, a fast ratio of 0.79 and a present ratio of 1.02.
Canadian Solar (NASDAQ: CSIQ – Get Free Report ) final launched its quarterly earnings information on Thursday, May 9. The photo voltaic power supplier reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.01 ) at $0.20. Canadian Solar has a return on fairness of 5.61% and a internet margin of two.80%. The enterprise had income of $1.34 billion within the quarter, in comparison with the consensus estimate of $1.35 billion. During the identical quarter final yr, the corporate posted $1.19 earnings per share. The firm’s income declined 21.1% on a year-over-year foundation. As a bunch, analysts count on Canadian Solar Inc. will put up 2.2 earnings per share for the present yr.
Rate the Wall Street Analyst
Several analysis corporations have commented on CSIQ. Roth Mkm reissued a “purchase” ranking and issued a $25.00 value goal on shares of Canadian Solar in a analysis observe on Wednesday. Wells Fargo & Company decreased their value goal on shares of Canadian Solar from $28.00 to $23.00 and set an “equal weight” ranking on the inventory in a analysis report on Tuesday, March nineteenth. Goldman Sachs Group lowered their value goal on shares of Canadian Solar from $28.00 to $24.00 and set a “impartial” ranking for the corporate in a analysis report on Friday, March fifteenth. Citigroup decreased their value goal on shares of Canadian Solar from $26.00 to $24.00 and set a “impartial” ranking on the inventory in a analysis report on Friday, March fifteenth. Finally, StockNews.com raised shares of Canadian Solar from a “promote” ranking to a “maintain” ranking in a report on Thursday, April eleventh. One equities analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 4 have issued a purchase ranking to the corporate’s inventory. According to MarketBeat.com, Canadian Solar presently has a consensus ranking of “Hold” and a consensus value goal of $29.00.
Read Our Latest Stock Report on Canadian Solar
About Canadian Solar
(Free Report)
Canadian Solar Inc, along with its subsidiaries, offers photo voltaic and battery power storage merchandise and options in Asia, America, Europe, and internationally. The firm operates by two segments, CSI Solar and Recurrent Energy. The CSI Solar section designs, develops, and manufactures photo voltaic ingots, wafers, cells, modules, and different solar energy and battery storage merchandise.
Selected Stories
Want to see what different hedge funds are holding CSIQ? Visit HoldingsChannel.com to get the most recent 13F filings and insider trades for Canadian Solar Inc. (NASDAQ:CSIQ – Free Report).
Receive News & Ratings for Canadian Solar Daily – Enter your e mail tackle beneath to obtain a concise each day abstract of the most recent information and analysts’ rankings for Canadian Solar and associated corporations with MarketBeat ‘s FREE each day e mail e-newsletter. com.