Canadian Solar Inc. (NASDAQ:CSIQ – Free Report) – Investment analysts at Zacks Research lowered their Q3 2024 EPS estimates for Canadian Solar in a analysis notice issued on Thursday, May thirtieth. Research R. Department now forecasts that the photo voltaic power supplier will publish earnings per share of $0.84 for the quarter, up from their prior forecast of $1.00. The consensus estimate for Canadian Solar’s present full-year earnings is $2.10 per share. Zacks Research additionally issued estimates for Canadian Solar’s This fall 2024 earnings at $0.97 EPS and Q1 2026 earnings at $0.87 EPS.
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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates. that ($0.01) of $0.20. The firm had income of $1.34 billion for the quarter, in comparison with analysts’ expectations of $1.35 billion. Canadian Solar has a internet margin of two.80% and a return on fairness of 5.61%. Business income decreased 21.1% on a year-over-year foundation. During the identical interval final 12 months, the corporate earned $1.19 earnings per share.
Numerous analysis analysts have additionally just lately issued stories on the inventory. Roth Mkm restated a “purchase” ranking and set a $25.00 value goal on shares of Canadian Solar in a report on Wednesday, May twenty second. InventoryNews.com raised shares of Canadian Solar from a “promote” ranking to a “maintain” ranking in a analysis report on Thursday, April eleventh. Goldman Sachs Group lowered their value goal on shares of Canadian Solar from $28.00 to $24.00 and set a “impartial” ranking on the inventory in a analysis report on Friday, March fifteenth. Citigroup lowered 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, Wells Fargo & Company lowered 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. One analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking and 4 have assigned a purchase ranking to the corporate’s inventory. According to MarketBeat.com, the inventory has a consensus ranking of “Hold” and a consensus goal value of $29.00.
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Canadian Solar Stocks Down 0.1%
Shares of NASDAQ CSIQ opened at $19.64 on Monday. The inventory has a market capitalization of $1.30 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.37 and a beta of 1.29. The firm has a 50-day shifting common value of $17.12 and a 200-day shifting common value of $20.39. Canadian Solar has a 1 12 months low of $14.11 and a 1 12 months excessive of $45.29. The firm has a debt-to-equity ratio of 0.53, a present ratio of 1.02 and a fast ratio of 0.79.
Hedge Funds Weigh Canadian Solar
Hedge funds and different institutional traders just lately purchased and offered shares of inventory. USCF Advisers LLC grew its stake in Canadian Solar by 87.5% within the 4th quarter. USCF Advisers LLC now owns 1,500 shares of the photo voltaic power supplier’s inventory valued at $39,000 after shopping for an extra 700 shares over the past quarter. Daiwa Securities Group Inc. grew its stake in Canadian Solar by 72.1% within the 1st quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the photo voltaic power supplier’s inventory price $146,000 after buying an extra 3,100 shares within the final quarter. Private Advisor Group LLC purchased a brand new place in Canadian Solar within the 4th quarter valued at roughly $201,000. Campbell & CO Investment Adviser LLC grew its stake in 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 price $208,000 after shopping for an extra 2,865 shares over the past quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Canadian Solar by 8.0% within the 4th quarter. DekaBank Deutsche Girozentrale now owns 12,481 shares of the photo voltaic power supplier’s inventory price $326,000 after shopping for an extra 928 shares within the final quarter. Hedge funds and different institutional traders personal 52.36% of the corporate’s inventory.
Canadian Solar Company Profile
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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 means of 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.
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