Shares of Canadian Solar Inc. The inventory beforehand closed at $17.28, however opened at $16.28. Shares of Canadian Solar final traded at $15.75, with a quantity of 210,617 shares altering palms.
Rate the Wall Street Analyst
Several brokerages have lately commented on CSIQ. StockNews.com upgraded shares of Canadian Solar from a “promote” ranking to a “maintain” ranking in a report on Thursday, April eleventh. Wells Fargo & Company dropped their goal worth on shares of Canadian Solar from $28.00 to $23.00 and set an “equal weight” ranking on the inventory in a report on Tuesday, March 19. Downgraded by UBS Group lifted their worth goal on shares of Canadian Solar from $38.00 to $35.00 and set a “purchase” ranking on the inventory in a report on Wednesday, June twelfth. Raised by JPMorgan Chase & Co. raised their worth goal on shares of Canadian Solar from $17.00 to $20.00 and gave the corporate an “underweight” ranking in a report on Tuesday. Finally, Roth Mkm restated a “purchase” ranking and set a $25.00 goal worth on shares of Canadian Solar in a report on Wednesday, May twenty second. One analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 4 have assigned a purchase ranking to the inventory. According to MarketBeat.com, the corporate at present has a consensus ranking of “Hold” and a mean goal worth of $28.67.
Check Out Our Latest Canadian Solar Stock Analysis
Canadian Solar Trading Up 9.3%
The firm has a market cap of $1.11 billion, a P/E ratio of 5.82, a PEG ratio of 0.30 and a beta of 1.29. The inventory’s 50-day transferring common is $16.87 and its 200-day transferring common is $18.98. The firm has a present ratio of 1.02, a fast ratio of 0.79 and a debt-to-equity ratio of 0.53.
Canadian Solar (NASDAQ:CSIQ – Get Free Report ) final introduced its quarterly earnings outcomes on Thursday, May 9. The photo voltaic vitality supplier reported $0.19 earnings per share (EPS) for the quarter, which topped to the analysts’ consensus estimate of ($0.01) to $0.20. Canadian Solar has a internet margin of two.80% and a return on fairness of 5.61%. The firm had income of $1.34 billion for the quarter, in comparison with analysts’ expectations of $1.35 billion. During the identical quarter final yr, the enterprise posted $1.19 EPS. Canadian Solar’s income was down 21.1% in comparison with the identical quarter final yr. Research analysts anticipate that Canadian Solar Inc. will put up 2.07 earnings per share for the present fiscal yr.
Hedge Funds Weigh Canadian Solar
Many hedge funds have lately purchased and bought shares of the enterprise. Mackenzie Financial Corp lifted its place in Canadian Solar by 27.1% within the 4th quarter. Mackenzie Financial Corp now owns 3,952,015 shares of the photo voltaic vitality supplier’s inventory value $103,661,000 after shopping for a further 843,100 shares over the past quarter. Raised by Vanguard Group Inc. its place in Canadian Solar by 0.4% within the third quarter. Now obtainable at Vanguard Group Inc. 1,964,359 shares of the photo voltaic vitality supplier’s inventory value $48,343,000 after shopping for a further 8,317 shares within the final quarter. Schroder Investment Management Group raised its place in Canadian Solar by 15.7% within the 4th quarter. Schroder Investment Management Group now owns 1,575,683 shares of the photo voltaic vitality supplier’s inventory value $41,330,000 after shopping for a further 213,959 shares within the final quarter. DNB Asset Management AS lifted its place in Canadian Solar by 31.4% within the 2nd quarter. DNB Asset Management AS now owns 886,963 shares of the photo voltaic vitality supplier’s inventory value $13,083,000 after shopping for a further 211,820 shares within the final quarter. Finally, Robotti Robert raised its place in Canadian Solar by 92.5% within the 1st quarter. Robotti Robert now owns 315,476 shares of the photo voltaic vitality supplier’s inventory value $6,234,000 after shopping for a further 151,610 shares over the past quarter. Hedge funds and different institutional traders personal 52.36% of the corporate’s inventory.
About Canadian Solar
(Get a Free Report)
Canadian Solar Inc, along with its subsidiaries, gives photo voltaic and battery vitality 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 Articles
Receive News and Ratings for Canadian Solar Daily – Enter your e mail deal with under to obtain a concise every day abstract of the newest information and analysts’ rankings for Canadian Solar and associated firms with MarketBeat ‘s FREE every day e mail publication. com.
