A statement released earlier today by Vetr Inc. about Canadian Solar Inc. (NASDAQ:CSIQ) bumps the target price to $14.62
- Updated: September 17, 2016
Canadian Solar Inc. (NASDAQ:CSIQ) had its price target increased to $15 by Vetr Inc. in a report issued 8/22/2016. The updated target price indicates a possible upside of 0.09% based on the company’s last stock close price.
On Friday August 19 2016, Cowen released a statement on Canadian Solar Inc.(NASDAQ:CSIQ) dropped the target price from $20.00 to $13.00 that suggested a downside of -0.09%.
Displaying a price of $13.36, Canadian Solar Inc. (NASDAQ:CSIQ) traded 2.39% lower on the day. With the last stock close down 28.82% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. The company has logged a 50-day moving average of $13.60 and two hundred day average of $16.65. 2,566,118 shares of Canadian Solar Inc. were exchanged, up from ann average volume of 2,277,440
With a market capitalization of $0.0, Canadian Solar Inc. has a price-earnings of 4 with a 52 week low of $11.72 and a 52 week high of $29.83.
Also covering Canadian Solar Inc.’s price target, a total of 10 firms have released a research note on CSIQ. The 12-month target stock price is $31.63 with four firms rating the company a strong buy, six analysts rating the stock a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the stock as sell.
Brief Synopsis About Canadian Solar Inc. (NASDAQ:CSIQ)
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. It designs, develops and manufactures solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. Its energy development segment consists of solar power project development, engineering, procurement and construction services, and and operation and maintenance services. Its electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity to the local or national grid or other power purchasers.
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