Somewhat Positive Media Coverage Somewhat Unlikely to Affect Canadian Solar (NASDAQ:CSIQ) Share Price

News articles about Canadian Solar (NASDAQ:CSIQ) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canadian Solar earned a news impact score of 0.07 on Accern’s scale. Accern also gave news headlines about the solar energy provider an impact score of 45.1280751981656 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

A number of equities analysts recently issued reports on CSIQ shares. Axiom Securities started coverage on Canadian Solar in a research note on Monday, April 17th. They set a “buy” rating and a $18.00 price target for the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $31.00 price objective on shares of Canadian Solar in a research report on Thursday, April 20th. ValuEngine downgraded Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company increased their target price on Canadian Solar from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Finally, BidaskClub lowered Canadian Solar from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Canadian Solar has an average rating of “Buy” and a consensus target price of $16.91.

Shares of Canadian Solar (NASDAQ:CSIQ) traded up 3.93% during midday trading on Friday, hitting $17.20. The stock had a trading volume of 1,398,515 shares. The company’s 50 day moving average price is $16.37 and its 200-day moving average price is $13.89. Canadian Solar has a 1-year low of $10.25 and a 1-year high of $18.12. The firm has a market capitalization of $994.71 million, a PE ratio of 34.19 and a beta of 3.09.

Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Tuesday, June 6th. The solar energy provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.04 by $0.14. The firm had revenue of $677 million for the quarter, compared to analysts’ expectations of $580.45 million. Canadian Solar had a net margin of 1.04% and a return on equity of 7.12%. Canadian Solar’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts predict that Canadian Solar will post $1.54 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Canadian Solar (NASDAQ:CSIQ) Share Price” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at

About Canadian Solar

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.

Insider Buying and Selling by Quarter for Canadian Solar (NASDAQ:CSIQ)

What are top analysts saying about Canadian Solar Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Solar Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit