Canadian Solar Inc. (NASDAQ:CSIQ) target price lowered to $12.00, reported today by FBR & Co.
- Updated: November 27, 2016
Yesterday Canadian Solar Inc. (NASDAQ:CSIQ) traded 6.93% higher at $10.68. The company’s 50-day moving average is $13.51 and its 200-day moving average is $14.56. The last closing price is down -20.45% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,840,698 shares of CSIQ traded, up from an avg. volume of 1,826,020
In a report released on 11/22/2016 FBR & Co. reduced the stock price target of Canadian Solar Inc. (NASDAQ:CSIQ) from $23.00 to $12.00 indicating a possible upside of 0.12%.
Recent Performance Chart
Canadian Solar Inc. has PE ratio of 4.83 with a one year low of $10.25 and a one year high of $29.83 and has a market capitalization of $0.
A total of 10 analysts have released a report on Canadian Solar Inc.. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $31.63.
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 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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