Headlines about Canadian Solar (NASDAQ:CSIQ) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canadian Solar earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the solar energy provider an impact score of 46.9072084706186 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- 2018-2023 Solar Power in Petrol Pump Market Overview Along with Competitive Landscape, New Project Investment … (theaerospacenews.com)
- Canadian company reboots Minnesota solar panel factory (startribune.com)
- O2Micro International (OIIM) versus Canadian Solar (CSIQ) Head-To-Head Comparison (americanbankingnews.com)
- Short Interest Falling in Solar, Alt Energy Stocks (247wallst.com)
Shares of Canadian Solar stock traded down $0.02 during trading hours on Monday, reaching $13.16. 29,730 shares of the company’s stock were exchanged, compared to its average volume of 549,078. Canadian Solar has a fifty-two week low of $11.37 and a fifty-two week high of $19.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.83. The company has a market cap of $764.48 million, a price-to-earnings ratio of 12.65, a P/E/G ratio of 0.26 and a beta of 2.66.
Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings data on Wednesday, May 16th. The solar energy provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.34. Canadian Solar had a net margin of 3.78% and a return on equity of 10.51%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted ($0.23) EPS. The company’s quarterly revenue was up 110.5% on a year-over-year basis. sell-side analysts expect that Canadian Solar will post 1.97 earnings per share for the current year.
A number of research firms have issued reports on CSIQ. BidaskClub upgraded Canadian Solar from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. ValuEngine cut Canadian Solar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. B. Riley set a $18.00 target price on Canadian Solar and gave the stock a “hold” rating in a report on Thursday, May 17th. JPMorgan Chase & Co. upgraded Canadian Solar from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $15.00 in a report on Thursday, June 7th. Finally, Zacks Investment Research cut Canadian Solar from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Canadian Solar presently has a consensus rating of “Hold” and an average price target of $17.67.
About Canadian Solar
Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.
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