Canadian Solar Inc. (NASDAQ:CSIQ – Free Report) – Investment analysts at Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for Canadian Solar in a analysis report issued to purchasers and traders. traders on Tuesday, May 21. Roth Capital analyst P. Shen now expects that the photo voltaic power supplier will earn $0.14 per share for the quarter, down from their prior estimate of $0.57. The consensus estimate for Canadian Solar’s present full 12 months is $2.20 per share. Roth Capital additionally issued estimates for Canadian Solar’s Q3 2024 earnings at $0.79 EPS, This autumn 2024 earnings at $0.85 EPS, FY2024 earnings at $1.96 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.15 EPS. of $0.57 earnings of $0.57. 2025 earnings at $1.19 EPS and FY2025 earnings at $2.98 EPS.
Canadian Solar (NASDAQ:CSIQ – Get Free Report ) final issued its quarterly earnings outcomes on Thursday, May 9. The photo voltaic power supplier reported $0.19 earnings per share (EPS) for the quarter, which was – forward of analysts’ consensus estimate of ($0.01) to $0.20. The firm had income of $1.34 billion for the quarter, in comparison with the consensus estimate of $1.35 billion. Canadian Solar has a return on fairness of 5.61% and a internet margin of two.80%. Canadian Solar’s income for the quarter was down 21.1% on a year-over-year foundation. In the identical quarter final 12 months, the enterprise posted $1.19 earnings per share.
Several different equities analysts additionally not too long ago commented on CSIQ. Goldman Sachs Group decreased their value goal on Canadian Solar from $28.00 to $24.00 and set a “impartial” ranking for the corporate in a report on Friday, March fifteenth. Roth Mkm reissued a “purchase” ranking and set a $25.00 goal value on shares of Canadian Solar in a report on Wednesday. Citigroup decreased their goal value on Canadian Solar from $26.00 to $24.00 and set a “impartial” ranking for the corporate in a report on Friday, March fifteenth. Wells Fargo & Company decreased their goal value to Canadian Solar from $28.00 to $23.00 and set an “equal weight” ranking for the corporate in a report on Tuesday, March nineteenth. Finally, InventoryNews.com raised 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 assigned a maintain ranking and 4 have given a purchase ranking to the corporate. According to information from MarketBeat, the corporate at present has a median ranking of “Hold” and a median value goal of $29.00.
Check out Our Latest CSIQ Research Report
Solar Price Performance in Canada
Shares of Canadian Solar inventory opened at $18.20 on Friday. The enterprise has a 50 day easy shifting common of $17.08 and a 2 hundred day easy shifting common of $20.47. Canadian Solar has a 12-month low of $14.11 and a 12-month excessive of $45.29. The inventory has a market capitalization of $1.20 billion, a P/E ratio of 6.32, a PEG ratio of 0.33 and a beta of 1.29. The firm has a debt-to-equity ratio of 0.53, a present ratio of 1.02 and a fast ratio of 0.79.
Institutional Investors Weigh in on Canadian Solar
Plenty of hedge funds and different institutional traders have not too long ago added to or decreased their stakes in CSIQ. USCF Advisers LLC raised its stake in 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 buying a further 700 shares over the last quarter. Daiwa Securities Group Inc. elevated its stake in Canadian Solar by 72.1% throughout the first quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the photo voltaic power supplier’s inventory valued at $146,000 after buying a further 3,100 shares over the last quarter. Private Advisor Group LLC purchased a brand new place in shares of Canadian Solar throughout the fourth quarter value $201,000. Campbell & CO Investment Adviser LLC boosted its place in shares of Canadian Solar by 51.3% within the third quarter. Campbell & CO Investment Adviser LLC now owns 8,447 shares of the photo voltaic power supplier’s inventory value $208,000 after shopping for a further 2,865 shares throughout the interval. Finally, Janney Montgomery Scott LLC raised its place in shares of Canadian Solar by 9.2% within the first quarter. Janney Montgomery Scott LLC now owns 15,291 shares of the photo voltaic power supplier’s inventory value $302,000 after shopping for a further 1,283 shares throughout the interval. Institutional traders and hedge funds personal 52.36% of the corporate’s inventory.
Canadian Solar Company Profile
(Get a Free Report)
Canadian Solar Inc, along with its subsidiaries, gives 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
Receive News & Ratings for Canadian Solar Daily – Enter your e mail tackle under to obtain a concise each day abstract of the most recent information and analysts’ scores for Canadian Solar and associated corporations with MarketBeat ‘s FREE each day e mail publication. com.
