Canadian Solar Inc. (NASDAQ:CSIQ) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Having a price of $12.96, Canadian Solar Inc. (NASDAQ:CSIQ) traded -1.93% lower on the day. With the last close down -21.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Canadian Solar Inc. has recorded a 50-day average of $13.09 and a two hundred day average of $16.13. Volume of trade was down over the average, with 780,846 shares of CSIQ changing hands under the typical 2,316,670
Zacks Investment Research has upgraded Canadian Solar Inc. (NASDAQ:CSIQ) to Hold in a statement released on 9/26/2016.
On 9/13/2016, Vetr Inc. released a statement on Canadian Solar Inc. (NASDAQ:CSIQ) upped the target price from $0.00 to $14.50 that suggested an upside of 0.11%.
Canadian Solar Inc. has a 52 week low of $11.72 and a 52 week high of $29.83 with a P/E ratio of 4.82 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $31.63 with 4 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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 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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