Published: Fri, May 18, 2018
Business | By Tara Barton

Volatile Stock in List: Canadian Solar Inc (CSIQ)


However out of 7 analysts 1 suggest Canadian Solar Inc (NASDAQ:CSIQ) a Strong Buy, 2 suggested Buy, 3 Hold and 1 Sell, while 2 analysts recommend the stock a Strong Sell. Millennium Management LLC now owns 1,141,385 shares of the solar energy provider's stock valued at $19,244,000 after purchasing an additional 1,117,313 shares in the last quarter. Canadian Solar has a consensus price target of $17.60, indicating a potential upside of 14.96%. More interesting news about Canadian Solar Inc. "However, the recent tariff imposition on import of solar modules have created quite an upheaval in the solar market, which might directly impact Canadian Solar's 2018 financial performance".

Canadian Solar CEO Shawn Qu said: "We expect a shift in global demand to developing markets to offset China, India and the U.S. We also expect demand in other markets to improve, including Europe, Africa, Argentina and Mexico".

For the current quarter Canadian Solar Inc (NASDAQ:CSIQ) has average revenue estimates of $1.33 Billion, a total number of 6 analysts provided estimations over revenues. In Tuesday, December 12 report J.P. Morgan downgraded it to "Sell" rating and $15.0 target. On Monday, December 11 Cowen & Co maintained Canadian Solar Inc. They noted that the move was a valuation call. Finally, B. Riley reissued a "hold" rating and issued a $18.00 target price on shares of Canadian Solar in a research report on Tuesday, March 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. (NASDAQ:CSIQ) to "Underweight" rating. Goldman Sachs started coverage on shares of Canadian Solar in a research note on Tuesday, January 9th.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.99 and a quick ratio of 0.91.

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Canadian Solar first quarter 2018 revenue of US$1.42 billion, up 28.5% from US$1.11 billion in the fourth quarter of 2017 and up 110.5% from US$677.0 million in the prior year quarter. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in. Canadian Solar had a net margin of 2.94% and a return on equity of 6.11%.

Net income in the quarter surged 78.2% to $139 million or 45 cents per diluted share from $78 million or 26 cents in the same quarter previous year.

Several research analysts recently commented on CSIQ shares.

According to analysts Canadian Solar Inc (NASDAQ:CSIQ)'s minimum EPS for the current quarter is at $0.2 and can go high up to $0.78. Bayesian Capital Management LP bought a new stake in shares of Canadian Solar in the first quarter worth $303,000. Millennium Management LLC now owns 1,141,385 shares of the solar energy provider's stock valued at $19,244,000 after buying an additional 1,117,313 shares in the last quarter. Zacks Investment Research's earnings per share averages are an average based on a survey of sell-side research firms that follow Canadian Solar.

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