Canadian Solar (CSIQ) Scheduled to Post Quarterly Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) will release its earnings data before the market opens on Thursday, December 5th. Analysts expect Canadian Solar to post earnings of ($0.44) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Canadian Solar Trading Up 2.5 %

Shares of CSIQ stock opened at $12.72 on Tuesday. Canadian Solar has a 1-year low of $10.91 and a 1-year high of $26.85. The firm has a market cap of $841.54 million, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The company has a 50-day moving average of $13.60 and a two-hundred day moving average of $14.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.82.

Analysts Set New Price Targets

Several analysts recently weighed in on CSIQ shares. Jefferies Financial Group initiated coverage on shares of Canadian Solar in a report on Friday, November 22nd. They issued a “buy” rating and a $14.15 target price for the company. Roth Mkm cut their price objective on Canadian Solar from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 26th. The Goldman Sachs Group lowered their target price on Canadian Solar from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 26th. Oppenheimer dropped their target price on Canadian Solar from $43.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, Citigroup cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $19.00 to $11.00 in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Solar has an average rating of “Hold” and an average target price of $19.94.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.