Canadian Solar (NASDAQ:CSIQ) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms have also commented on CSIQ. B. Riley reissued a “neutral” rating on shares of Canadian Solar in a research report on Wednesday, November 1st. Axiom Securities set a $26.00 price target on Canadian Solar and gave the company a “buy” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. lowered Canadian Solar from a “neutral” rating to an “underweight” rating and set a $15.00 price target for the company. in a research report on Tuesday, December 12th. Roth Capital raised Canadian Solar from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered Canadian Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.91.

Canadian Solar (NASDAQ CSIQ) opened at $14.89 on Thursday. Canadian Solar has a twelve month low of $10.86 and a twelve month high of $19.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.88. The stock has a market capitalization of $878.75, a price-to-earnings ratio of 38.18, a P/E/G ratio of 0.31 and a beta of 2.71.

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

Several institutional investors have recently made changes to their positions in CSIQ. Legal & General Group Plc increased its position in shares of Canadian Solar by 111.1% during the 2nd quarter. Legal & General Group Plc now owns 7,789 shares of the solar energy provider’s stock valued at $124,000 after purchasing an additional 4,100 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Canadian Solar during the 4th quarter valued at $223,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Canadian Solar during the 2nd quarter valued at $323,000. State Street Corp increased its position in shares of Canadian Solar by 6.0% during the 2nd quarter. State Street Corp now owns 21,698 shares of the solar energy provider’s stock valued at $345,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Canadian Solar during the 2nd quarter valued at $472,000. 41.82% of the stock is owned by hedge funds and other institutional investors.

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About Canadian Solar

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.

Analyst Recommendations for Canadian Solar (NASDAQ:CSIQ)

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