Canadian Solar (CSIQ) Receiving Somewhat Positive Media Coverage, Report Shows
News coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian Solar earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the solar energy provider an impact score of 46.0322505236825 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Canadian Solar Call Options Light Up Ahead Of Earnings (schaeffersresearch.com)
- Pre-Market Earnings Report for August 14, 2017 : JD, SYY, CSIQ, ASUR, SORL, VBLT, TGA, TGEN, GALT, CASI … – Nasdaq (nasdaq.com)
- EDF Energies Nouvelles Partners with Canadian Solar for a 92.5 … – Markets Insider (markets.businessinsider.com)
- Looking Abroad for Alternative Energy Returns – Seeking Alpha (seekingalpha.com)
- Canadian Solar Inc. (CSIQ) Upgraded to Strong-Buy at Vetr Inc. (americanbankingnews.com)
Several research analysts recently issued reports on CSIQ shares. Axiom Securities reiterated a “buy” rating on shares of Canadian Solar in a research note on Saturday, July 22nd. Cowen and Company increased their price target on shares of Canadian Solar from $10.00 to $13.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. Vetr upgraded shares of Canadian Solar from a “buy” rating to a “strong-buy” rating and set a $19.06 price target for the company in a research note on Thursday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $31.00 price target on shares of Canadian Solar in a research note on Thursday, April 20th. Finally, Zacks Investment Research upgraded shares of Canadian Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Canadian Solar presently has a consensus rating of “Buy” and a consensus target price of $16.91.
Shares of Canadian Solar (NASDAQ CSIQ) opened at 17.20 on Friday. Canadian Solar has a 1-year low of $10.25 and a 1-year high of $18.12. The company has a market capitalization of $994.71 million, a price-to-earnings ratio of 34.19 and a beta of 3.09. The firm’s 50-day moving average is $16.43 and its 200-day moving average is $13.93.
Canadian Solar (NASDAQ:CSIQ) last announced its earnings results on Tuesday, June 6th. The solar energy provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.14. Canadian Solar had a net margin of 1.04% and a return on equity of 7.12%. The business had revenue of $677 million for the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter last year, the business earned $0.39 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Analysts forecast that Canadian Solar will post $1.54 earnings per share for the current fiscal year.
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.
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