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Cowen and Company covered Canadian Solar Inc. (NASDAQ:CSIQ), scaling down its price target to $13.00 earlier today

Showing a price of $13.37, Canadian Solar Inc. (NASDAQ:CSIQ) traded 2.39% lower on the day. The last stock close is down 28.82% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time period. CSIQ has registered a 50-day moving average of $13.60 and two hundred day average of $16.65. Trade volume was was up over the average, with 2,566,118 shares of CSIQ changing hands over the typical 2,277,440 shares.

Reporting a possible downside of -0.03%, Cowen and Company dropped the target stock price of Canadian Solar Inc. (NASDAQ:CSIQ) to $13

On 8/19/2016, Cowen reported on Canadian Solar Inc.(NASDAQ:CSIQ) lowered the target price from $20.00 to $13.00. At the time, this suggested a downside of -0.09%.

Recent Performance Graph:

Canadian Solar Inc. (NASDAQ:CSIQ)

A total of 10 brokerages have reported on CSIQ. Four analysts rate the company a strong buy, six analysts rate the stock a buy, 0 analysts rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with a consensus target stock price of $31.63

With a total market value of $0.0, Canadian Solar Inc. has a one-year low of $11.72 and a one-year high of $29.83 with a P/E ratio of 4.

General Company Details For 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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