Impact of Brokerage Rating on Canadian Solar Inc.(CSIQ)

Many Canadian Solar Inc.(CSIQ) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Canadian Solar was Initiated by Guggenheim to Neutral on Dec 15, 2016. Canadian Solar was Downgraded by FBR & Co. on Nov 22, 2016 to Mkt Perform, Lowers Price Target to $ 12 from a previous price target of $23 .Canadian Solar was Downgraded by ROTH Capital to Neutral on Nov 22, 2016.

Canadian Solar Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.26. The company had revenue of $657.30 million for the quarter, compared to analysts expectations of $685.28 million. The companys revenue was down -22.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Canadian Solar Inc. (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 2.63 by 9 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Canadian Solar Inc. (NASDAQ:CSIQ): 7 analysts have set the short term price target of Canadian Solar Inc. (NASDAQ:CSIQ) at $15.83. The standard deviation of short term price target has been estimated at $6.83, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 31 and $12 respectively.

Canadian Solar Inc. (NASDAQ:CSIQ) rose 3.97% or 0.52 points on Tuesday and made its way into the gainers of the day. After trading began at $13.08 the stock was seen hitting $13.67 as a peak level and $12.87 as the lowest level. The stock ended up at $13.63. The daily volume was measured at 1,290,629 shares. The 52-week high of the share price is $23.56 and the 52-week low is $10.25. The company has a market cap of $783 million.

Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.

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