Roth Capital reissued their neutral rating on shares of Canadian Solar Inc. (NASDAQ:CSIQ) in a research note released on Tuesday morning. They currently have a $11.00 target price on the stock.

CSIQ has been the subject of several other research reports. FBR & Co cut Canadian Solar from an outperform rating to a market perform rating and decreased their price objective for the company from $23.00 to $12.00 in a report on Tuesday. Zacks Investment Research upgraded Canadian Solar from a sell rating to a hold rating in a report on Monday, September 26th. Cowen and Company cut Canadian Solar from an outperform rating to a market perform rating and decreased their price objective for the company from $20.00 to $13.00 in a report on Friday, August 19th. Canaccord Genuity set a $20.00 price objective on Canadian Solar and gave the company a buy rating in a report on Friday, August 19th. Finally, Standpoint Research restated a buy rating and issued a $18.00 price objective on shares of Canadian Solar in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.15.

Analyst Recommendations for Canadian Solar (NASDAQ:CSIQ)

Shares of Canadian Solar (NASDAQ:CSIQ) traded down 0.09% during trading on Tuesday, reaching $10.64. The company had a trading volume of 843,544 shares. The company has a market cap of $614.76 million, a price-to-earnings ratio of 4.44 and a beta of 3.19. The firm has a 50 day moving average price of $13.71 and a 200 day moving average price of $14.61. Canadian Solar has a 12 month low of $10.25 and a 12 month high of $29.83.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Monday, November 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The firm earned $657.30 million during the quarter, compared to analysts’ expectations of $685.28 million. Canadian Solar had a return on equity of 15.81% and a net margin of 4.26%. The company’s revenue was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Analysts predict that Canadian Solar will post $1.59 earnings per share for the current year.

A number of large investors have recently modified their holdings of CSIQ. Riverhead Capital Management LLC increased its stake in shares of Canadian Solar by 16.2% in the second quarter. Riverhead Capital Management LLC now owns 3,476 shares of the company’s stock valued at $239,000 after buying an additional 484 shares during the period. State Street Corp increased its stake in shares of Canadian Solar by 2.9% in the second quarter. State Street Corp now owns 18,651 shares of the company’s stock valued at $282,000 after buying an additional 520 shares during the period. First Trust Advisors LP increased its stake in shares of Canadian Solar by 1.4% in the second quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $853,000 after buying an additional 801 shares during the period. RobecoSam USA Inc. increased its stake in shares of Canadian Solar by 3.2% in the second quarter. RobecoSam USA Inc. now owns 32,000 shares of the company’s stock valued at $484,000 after buying an additional 1,000 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Canadian Solar by 13.4% in the second quarter. Royal Bank of Canada now owns 12,344 shares of the company’s stock valued at $188,000 after buying an additional 1,462 shares during the period. Hedge funds and other institutional investors own 37.48% of the company’s stock.

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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.

5 Day Chart for NASDAQ:CSIQ

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