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Shares Trading down at $16.62 (CSIQ) Canadian Solar Energizes 52.5 MWp of…

19 Juillet 2017

(NASDAQ:CSIQ) have received an average recommendation of "Hold" from the fifteen research firms that are presently covering the stock, MarketBeat reports.

November 23 investment analysts at Barclays made no change to the stock rating of "Equal-Weight" and lowered the price target from $14.00 to $12.00.

A number of equities analysts have issued reports on the stock. Axiom Securities started coverage on shares of Canadian Solar in a report on Monday, April 17th.

Barclays both downgraded the stock and lowered the price target on August 24 cutting the price target from $24.00 to $14.00 and cutting the rating from "Overweight" to "Equal-weight". About Canadian Solar Inc. Cowen and Company set a $13.00 price objective on shares of Canadian Solar and gave the stock a "hold" rating in a report on Monday, July 10th. Finally, FBR & Co reiterated a "mkt perform" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Canadian Solar in a report on Wednesday, March 22nd. As of the end of the quarter Creative Planning had acquired a total of 615 shares growing its stake by 13.1%. Raymond James Financial Services Advisors Inc. increased its stake in shares of Canadian Solar by 27.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,514 shares of the solar energy provider's stock worth $189,000 after buying an additional 3,350 shares in the last quarter. Short interest decreased from 7,689,794 to 7,433,012 over that timeframe. Exane Derivatives owns 24 shares valued at $0. Canadian Solar earned a coverage optimism score of 0.30 on Accern's scale.

Announcement on the 36th America's Cup
The issue of what class of yacht will be used is expected to be a determining factor in what challengers it attracts to the event. Team NZ chief executive Grant Dalton said immediately afterwards that his syndicate were keen to keep the regatta affordable.

"The 47.7 MWp Mashiki plant is the largest solar power plant that we have built there, which brings our total portfolio of projects in operation in Japan to 112.7 MWp", said Shawn Qu, chairman and chief executive officer of Canadian Solar. Shares saw a steep decrease in trading volume of 20.67% under the normal average daily volume. Canadian Solar Inc. now has a P/E ratio of 33.04 and market cap is 961.17M.

Canadian Solar (NASDAQ:CSIQ) last posted its earnings results on Tuesday, June 6th. The solar energy provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.14. Canadian Solar had a return on equity of 7.12% and a net margin of 1.04%. The business's revenue was down 6.2% compared to the same quarter past year. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts expect that Canadian Solar will post $1.54 earnings per share for the current fiscal year. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws.

In the first half of 2017 there were 50 bankruptcies of solar companies in Japan, as compared to 23 in the same period of 2016, according to Japanese credit research company Teikoku Databank. 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. Powered by Canadian Solar's high-efficiency MaxPower modules, these plants are expected to generate around 5,429 MWh of clean, solar electricity per year, which will be purchased under a 20-year feed-in-tariff contract at the rate of JPY32.0 ($0.28), JPY36.0 ($0.32) and JPY27.0 ($0.24) per kWh respectively.

Shares Trading down at $16.62 (CSIQ) Canadian Solar Energizes 52.5 MWp of…