Canadian Solar (CSIQ) Projected to Post Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ) is projected to issue its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Canadian Solar Stock Performance

Shares of CSIQ stock opened at $9.96 on Tuesday. The company’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $12.20. Canadian Solar has a 52 week low of $9.19 and a 52 week high of $21.05. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a market cap of $658.94 million, a PE ratio of -83.00, a P/E/G ratio of 0.74 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSIQ. Mizuho began coverage on shares of Canadian Solar in a research note on Friday, December 13th. They issued an “outperform” rating and a $20.00 target price on the stock. StockNews.com downgraded shares of Canadian Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Canadian Solar from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.00 to $11.00 in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group assumed coverage on shares of Canadian Solar in a research note on Friday, November 22nd. They issued a “buy” rating and a $14.15 target price on the stock. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Solar currently has an average rating of “Hold” and a consensus target price of $18.04.

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.