Somewhat Positive News Coverage Somewhat Unlikely to Impact Canadian Solar (CSIQ) Stock Price
Press coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat positive on Tuesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the solar energy provider an impact score of 46.5044981285507 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Canadian Solar (CSIQ) PT Set at $15.00 by B. Riley (americanbankingnews.com)
- Canadian Solar, Photowatt and ECM Greentech Plan to Form a JV Company in Low-Carbon Production of Silicon Ingots and Wafers (finance.yahoo.com)
- Canadian Solar Inc. (CSIQ) Expected to Announce Earnings of $1.06 Per Share (americanbankingnews.com)
- Canadian Solar Arm Vends 3 Solar Plants to Shenzhen Energy (zacks.com)
Canadian Solar (NASDAQ CSIQ) opened at $16.55 on Tuesday. The firm has a market capitalization of $959.95, a P/E ratio of 42.44, a PEG ratio of 0.35 and a beta of 3.10. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.45. Canadian Solar has a 12-month low of $10.86 and a 12-month high of $19.09.
Several analysts have recently issued reports on CSIQ shares. Zacks Investment Research raised Canadian Solar from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Monday, November 13th. Roth Capital raised Canadian Solar from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, November 10th. Axiom Securities set a $26.00 target price on Canadian Solar and gave the company a “buy” rating in a research report on Wednesday, November 15th. Cowen set a $18.00 target price on Canadian Solar and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, B. Riley set a $15.00 target price on Canadian Solar and gave the company a “hold” rating in a research report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Canadian Solar presently has an average rating of “Hold” and an average price target of $18.82.
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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