What's Canadian Solar Inc. (CSIQ) Upside After Today's Huge Increase?

Author

27 May, 2017

Canadian Solar Inc. (CSIQ) has made its way to a 12-month decline of -29.86%. Quentec Asset Management LLC increased its position in shares of Canadian Solar by 55.9% in the third quarter. Raymond James Financial Services Advisors Inc. boosted its position in Canadian Solar by 27.5% in the fourth quarter. Clinton Group Inc. now owns 103,123 shares of the solar energy provider's stock valued at $1,417,000 after buying an additional 42,525 shares during the last quarter. Commerzbank Aktiengesellschaft FI now owns 91,918 shares of the solar energy provider's stock valued at $1,120,000 after buying an additional 5,471 shares during the last quarter. They now have a United States dollars 36 price target on the stock.

Shares of Canadian Solar Inc. They issued a "buy" rating and a $18.00 price objective on the stock. (CSIQ). These ratios are important while doing valuation of the company or the shares of the company. The firm has a 50 day moving average price of $13.24 and a 200-day moving average price of $12.75.

03/29/2016 - Canadian Solar Inc. had its " rating reiterated by analysts at Stifel Nicolaus. (NASDAQ:CSIQ) is a huge mover today! The solar energy provider reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.32 by $0.08. The firm had revenue of $668.40 million for the quarter, compared to analysts' expectations of $698.57 million. Canadian Solar had a net margin of 4.26% and a return on equity of 15.60%. The business's quarterly revenue was down 40.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. Analysts have placed a $15.2 price target on Canadian Solar Inc., suggesting a 10.79% gain from recent close. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US & global trademark and copyright laws. If you are accessing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/05/25/canadian-solar-inc-csiq-receives-17-80-average-pt-from-analysts-updated.html.

ILLEGAL ACTIVITY WARNING: "Somewhat Favorable Press Coverage Extremely Likely to Impact Canadian Solar (CSIQ) Share Price" was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. (NASDAQ:CSIQ) news were published by: Prnewswire.com which released: "Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2016" on April 25, 2017, also Seekingalpha.com with their article: "Canadian Solar Plunges After Reporting 4th Quarter Earnings" published on March 24, 2017, Prnewswire.com published: "Canadian Solar Schedules First Quarter 2017 Earnings Conference Call on June 6" on May 09, 2017. Canadian Solar Inc. had 23 analyst reports since August 19, 2015 according to SRatingsIntel.

Canadian Solar Inc. has a consensus hold rating from 12 Wall Street analysts, and the number of shares now sold short amount to at least 15.58% of shares outstanding. JPMorgan Chase & Co. cut Canadian Solar from an "overweight" rating to a "neutral" rating and upped their target price for the company from $15.36 to $16.00 in a report on Wednesday, February 22nd.

09/06/2016 - Canadian Solar Inc. had its " rating reiterated by analysts at Standpoint Research.

Based on their most recently released notes to investors, 1 analyst has a rating of "buy", 2 analysts "outperform", 7 analysts "hold", 1 analysts "underperform" and 1 analysts "sell". Canadian Solar now has an average rating of "Hold" and an average price target of $17.49.

Canadian Solar Inc is a solar power company.


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