Goldman Sachs Group began coverage on shares of Canadian Solar (NASDAQ:CSIQ) in a research report issued on Tuesday, The Fly reports. The firm set a “neutral” rating on the solar energy provider’s stock.

Several other research analysts have also weighed in on the stock. Axiom Securities lowered shares of Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Friday, December 15th. JPMorgan Chase & Co. lowered shares of Canadian Solar from a “neutral” rating to an “underweight” rating and set a $15.00 price target on the stock. in a report on Tuesday, December 12th. Cowen set a $18.00 price target on shares of Canadian Solar and gave the company a “hold” rating in a report on Monday, December 11th. B. Riley set a $15.00 price target on shares of Canadian Solar and gave the company a “hold” rating in a report on Monday, December 11th. Finally, Zacks Investment Research lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.81.

Canadian Solar (NASDAQ CSIQ) opened at $17.10 on Tuesday. The firm has a market cap of $988.90, a PE ratio of 41.71, a PEG ratio of 0.36 and a beta of 3.10. Canadian Solar has a 1-year low of $10.86 and a 1-year high of $19.09. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.45.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings data on Thursday, November 9th. The solar energy provider reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $912.20 million for the quarter, compared to analyst estimates of $812.37 million. Canadian Solar had a net margin of 0.84% and a return on equity of 1.32%. The company’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. research analysts anticipate that Canadian Solar will post 0.97 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSIQ. J&P China Capital Management CO. Ltd. purchased a new position in Canadian Solar in the third quarter valued at approximately $11,792,000. Quentec Asset Management LLC grew its position in Canadian Solar by 18.6% in the second quarter. Quentec Asset Management LLC now owns 2,703,253 shares of the solar energy provider’s stock valued at $43,036,000 after acquiring an additional 424,601 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Canadian Solar in the second quarter valued at approximately $2,803,000. Hussman Strategic Advisors Inc. acquired a new stake in Canadian Solar in the third quarter valued at approximately $2,526,000. Finally, Calamos Advisors LLC grew its position in Canadian Solar by 45.2% in the third quarter. Calamos Advisors LLC now owns 408,073 shares of the solar energy provider’s stock valued at $6,872,000 after acquiring an additional 127,073 shares in the last quarter. Hedge funds and other institutional investors own 42.08% of the company’s stock.

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Canadian Solar Company Profile

Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.

The Fly

Analyst Recommendations for Canadian Solar (NASDAQ:CSIQ)

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