Hussman Strategic Advisors Inc. acquired a new stake in Canadian Solar Inc. (NASDAQ:CSIQ) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 150,000 shares of the solar energy provider’s stock, valued at approximately $2,526,000. Hussman Strategic Advisors Inc. owned approximately 0.26% of Canadian Solar at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its position in Canadian Solar by 6.0% in the 2nd quarter. State Street Corp now owns 21,698 shares of the solar energy provider’s stock valued at $345,000 after acquiring an additional 1,227 shares in the last quarter. Van ECK Associates Corp lifted its position in Canadian Solar by 2.7% in the 2nd quarter. Van ECK Associates Corp now owns 84,436 shares of the solar energy provider’s stock valued at $1,344,000 after acquiring an additional 2,217 shares in the last quarter. California Public Employees Retirement System lifted its position in Canadian Solar by 2.1% in the 1st quarter. California Public Employees Retirement System now owns 143,600 shares of the solar energy provider’s stock valued at $1,762,000 after acquiring an additional 2,900 shares in the last quarter. Northern Trust Corp lifted its position in Canadian Solar by 11.7% in the 2nd quarter. Northern Trust Corp now owns 30,588 shares of the solar energy provider’s stock valued at $487,000 after acquiring an additional 3,198 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Canadian Solar by 111.1% in the 2nd quarter. Legal & General Group Plc now owns 7,789 shares of the solar energy provider’s stock valued at $124,000 after acquiring an additional 4,100 shares in the last quarter. 39.51% of the stock is currently owned by institutional investors and hedge funds.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Monday, August 14th. The solar energy provider reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. The business had revenue of $692.37 million during the quarter, compared to the consensus estimate of $631.05 million. Canadian Solar had a net margin of 1.01% and a return on equity of 1.71%. The company’s revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share.

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Several equities analysts recently issued reports on CSIQ shares. Cowen and Company set a $13.00 price objective on Canadian Solar and gave the company a “hold” rating in a research report on Monday, July 10th. Axiom Securities reissued a “buy” rating on shares of Canadian Solar in a report on Saturday, July 22nd. BidaskClub cut Canadian Solar from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Canadian Solar from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Vetr raised Canadian Solar from a “buy” rating to a “strong-buy” rating and set a $19.06 price target on the stock in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.51.

Canadian Solar 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.

Institutional Ownership by Quarter for Canadian Solar (NASDAQ:CSIQ)

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