Wednesday, July 24, 2024

Canadian Solar Inc. (NASDAQ:CSIQ) Given Common Suggestion of “Hold” by Analysts

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Shares of Canadian Solar Inc. (NASDAQ: CSIQ – Get Free Report ) has been assigned a mean suggestion of “Hold” from the 9 rankings corporations which can be at present overlaying the inventory, Marketbeat Ratings stories. One analysis analyst has rated the inventory with a promote suggestion, 4 have given a maintain suggestion and 4 have issued a purchase suggestion on the corporate. The common twelve-month goal worth amongst brokers which have issued rankings on the inventory within the final 12 months is $28.89.

A lot of analysis analysts have not too long ago issued stories on CSIQ shares. Roth Mkm reiterated a “purchase” score and issued a $25.00 worth goal on shares of Canadian Solar in a analysis word on Wednesday, May twenty second. Goldman Sachs Group dropped their worth goal on shares of Canadian Solar from $28.00 to $24.00 and set a “impartial” score for the corporate in a analysis word on Friday, March fifteenth. UBS Group lowered their worth goal on shares of Canadian Solar from $38.00 to $35.00 and set a “purchase” score for the corporate in a analysis word on Wednesday, June twelfth. Daiwa Capital Markets started protection on shares of Canadian Solar in a analysis word on Monday, March eleventh. They issued a “impartial” score and a $21.00 worth goal for the corporate. Finally, StockNews.com upgraded shares of Canadian Solar from a “promote” score to a “maintain” score in a analysis word on Thursday, April eleventh.

Read Our Latest Stock Report on CSIQ

Canadian Solar Trading Up 1.2%

NASDAQ CSIQ opened at $15.53 on Tuesday. The firm has a 50-day easy shifting common of $16.91 and a 200-day easy shifting common of $19.38. 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 has a one 12 months low of $13.80 and a one 12 months excessive of $39.07. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.30 and a beta of 1.29.

Canadian Solar (NASDAQ:CSIQ – Get Free Report) final posted its quarterly earnings information on Thursday, May 9. The photo voltaic vitality supplier reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.20. Canadian Solar has a internet margin of two.80% and a return on fairness of 5.61%. The enterprise had income of $1.34 billion within the quarter, in comparison with analyst estimates of $1.35 billion. In the identical quarter final 12 months, the corporate posted $1.19 earnings per share. Business income for the quarter was down 21.1% in comparison with the identical quarter final 12 months. equities analysis analysts anticipate that Canadian Solar will submit 2.07 EPS for the present fiscal 12 months.

Canadian Solar Institutional Trading

Institutional traders have not too long ago modified their holdings of the inventory. USCF Advisers LLC lifted its holdings in shares of Canadian Solar by 87.5% within the 4th quarter. USCF Advisers LLC now owns 1,500 shares of the photo voltaic vitality supplier’s inventory value $39,000 after buying an extra 700 shares throughout the interval. Daiwa Securities Group Inc. elevated its holdings in shares of Canadian Solar by 72.1% within the 1st quarter. Daiwa Securities Group Inc. now owns 7,400 shares of the photo voltaic vitality supplier’s inventory value $146,000 after buying an extra 3,100 shares throughout the interval. Private Advisor Group LLC acquired a brand new place in shares of Canadian Solar within the 4th quarter value $201,000. Janney Montgomery Scott LLC elevated its holdings in shares of Canadian Solar by 9.2% within the 1st quarter. Janney Montgomery Scott LLC now owns 15,291 shares of the photo voltaic vitality supplier’s inventory value $302,000 after buying an extra 1,283 shares throughout the interval. Finally, DekaBank Deutsche Girozentrale elevated its holdings in shares of Canadian Solar by 8.0% within the 4th quarter. DekaBank Deutsche Girozentrale now owns 12,481 shares of the photo voltaic vitality supplier’s inventory value $326,000 after buying an extra 928 shares throughout the interval. Hedge funds and different institutional traders personal 52.36% of the corporate’s inventory.

Canadian Solar Company Profile

(Get a Free Report

Canadian Solar Inc, along with its subsidiaries, supplies photo voltaic and battery vitality storage merchandise and options in Asia, America, Europe, and internationally. The firm operates via two segments, CSI Solar and Recurrent Energy. The CSI Solar phase designs, develops, and manufactures photo voltaic ingots, wafers, cells, modules, and different solar energy and battery storage merchandise.

Selected Stories

Analyst Recommendations for Canadian Solar (NASDAQ:CSIQ)



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