Canadian Solar (NASDAQ:CSIQ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 8 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys.
Other Equity analysts have also commented on the company shares. Barclays initiates coverage on Canadian Solar (NASDAQ:CSIQ) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $24 per share. The rating by the firm was issued on April 4, 2016.
Canadian Solar (NASDAQ:CSIQ): 8 Analyst have given the stock of Canadian Solar (NASDAQ:CSIQ) a near short term price target of $31.19. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $8.45. The higher price target estimate is at $50 while the lower price estimates are fixed at $24.
Canadian Solar (NASDAQ:CSIQ) witnessed a decline in the market cap on Tuesday as its shares dropped 1.55% or 0.25 points. After the session commenced at $16.13, the stock reached the higher end at $16.2 while it hit a low of $15.73. With the volume soaring to 1,460,138 shares, the last trade was called at $15.84. The company has a 52-week high of $32.94. The company has a market cap of $886 million and there are 55,965,443 shares in outstanding. The 52-week low of the share price is $14.16.
Canadian Solar Inc. has lost 0.13% in the last five trading days and dropped 12.29% in the last 4 weeks. Canadian Solar Inc. has dropped 20.12% during the last 3-month period . Year-to-Date the stock performance stands at -45.3%.
Canadian Solar Inc. is a solar power company, which designs, develops and manufactures solar wafers, solar cells and solar power products. The Companys solar power products include standard solar modules and specialty solar products. It has two segments: module segment and energy segment. The Companys module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. The Companys energy segment involves solar power project development, engineering, procurement and construction services, operations and maintenance services, and electricity revenue generation. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. Its specialty solar products consist of solar modules that the customers incorporate into their own products and complete specialty products, such as portable solar home systems. The Company sells its products under Canadian Solar brand name.