Headlines about Canadian Solar (NASDAQ:CSIQ) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian Solar earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the solar energy provider an impact score of 47.2639481951934 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

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Several analysts recently issued reports on the stock. B. Riley set a $18.00 target price on shares of Canadian Solar and gave the company a “neutral” rating in a research report on Thursday, March 15th. Oppenheimer cut their target price on shares of Canadian Solar from $32.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday. ValuEngine lowered shares of Canadian Solar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. UBS assumed coverage on shares of Canadian Solar in a research report on Thursday, March 15th. They set a “sell” rating and a $15.00 target price for the company. Finally, BidaskClub lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Canadian Solar has an average rating of “Hold” and a consensus target price of $17.84.

Canadian Solar stock opened at $17.15 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Canadian Solar has a 1-year low of $10.86 and a 1-year high of $19.09. The firm has a market cap of $969.81, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.47 and a beta of 2.60.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings results on Monday, March 19th. The solar energy provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Canadian Solar had a net margin of 2.94% and a return on equity of 6.11%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 65.9% on a year-over-year basis. equities research analysts forecast that Canadian Solar will post 1.38 EPS for the current fiscal year.

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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.

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