News stories about Canadian Solar (NASDAQ:CSIQ) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Solar earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the solar energy provider an impact score of 45.1280751981656 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern’s analysis:
- How Canadian Solar Inc. Makes Most of Its Money | Business … – Madison.com (host.madison.com)
- Tokyo Stock Exchange hopes new entrants can revive stagnant solar trust markets (CSIQ, 8133, GE) (markets.businessinsider.com)
- Canadian Solar Inc. (CSIQ) Forecasted to Post Q3 2017 Earnings of $0.39 Per Share (americanbankingnews.com)
- Canadian Solar Inc. (CSIQ) to Post Q4 2017 Earnings of $1.20 Per Share, Oppenheimer Holdings Forecasts (americanbankingnews.com)
Shares of Canadian Solar (CSIQ) traded up 1.40% during trading on Friday, hitting $16.63. 1,007,123 shares of the company traded hands. Canadian Solar has a 52-week low of $10.25 and a 52-week high of $18.12. The company has a 50-day moving average of $16.57 and a 200-day moving average of $14.08. The stock has a market capitalization of $963.66 million, a PE ratio of 39.41 and a beta of 3.09.
Canadian Solar (NASDAQ:CSIQ) last announced its earnings results on Monday, August 14th. The solar energy provider reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. Canadian Solar had a return on equity of 1.71% and a net margin of 1.01%. The company had revenue of $692.37 million for the quarter, compared to analyst estimates of $631.05 million. During the same period in the previous year, the firm earned $0.68 earnings per share. Canadian Solar’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities analysts expect that Canadian Solar will post $1.56 EPS for the current year.
CSIQ has been the subject of several recent research reports. Cowen and Company set a $13.00 target price on shares of Canadian Solar and gave the company a “hold” rating in a research report on Monday, July 10th. Axiom Securities reiterated a “sell” rating on shares of Canadian Solar in a research report on Friday, June 9th. ValuEngine lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Vetr raised shares of Canadian Solar from a “buy” rating to a “strong-buy” rating and set a $19.06 price target on the stock in a research note on Thursday, August 10th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Canadian Solar currently has a consensus rating of “Hold” and a consensus price target of $17.46.
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Canadian Solar Company Profile
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.
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