Canadian Solar (CSIQ) Earns News Sentiment Rating of 0.17
News coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Solar earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the solar energy provider an impact score of 45.8988253251406 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- JinkoSolar to Supply Solar Modules to Brooks Solar Project (finance.yahoo.com)
- First Week Of April 2018 Options Trading For Canadian Solar (CSIQ) (thestreet.com)
- Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : September 11, 2017 (finance.yahoo.com)
- Canadian Solar to Attend 5th Annual ROTH Solar and Storage Symposium in Las Vegas – PR Newswire (press release) (prnewswire.com)
A number of equities research analysts have recently issued reports on the stock. Cowen and Company reiterated a “market perform” rating and set a $17.00 price target (up from $16.00) on shares of Canadian Solar in a research report on Tuesday, August 15th. Axiom Securities reiterated a “sell” rating on shares of Canadian Solar in a research report on Friday, June 9th. FBR & Co reiterated a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Canadian Solar in a research report on Tuesday, August 15th. ValuEngine downgraded shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC downgraded shares of Canadian Solar from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $12.00 to $14.00 in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued 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 $17.12.
Canadian Solar (NASDAQ:CSIQ) opened at 16.65 on Tuesday. The firm has a market capitalization of $964.82 million, a P/E ratio of 39.45 and a beta of 3.12. Canadian Solar has a 12 month low of $10.25 and a 12 month high of $18.12. The company’s 50 day moving average price is $16.34 and its 200 day moving average price is $14.38.
Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Monday, August 14th. The solar energy provider reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.01. Canadian Solar had a net margin of 1.01% and a return on equity of 1.71%. The business had revenue of $692.37 million during the quarter, compared to analyst estimates of $631.05 million. During the same period in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was down 14.1% on a year-over-year basis. Analysts anticipate that Canadian Solar will post $1.64 EPS for the current year.
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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.
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