Analyst Rating Update on Canadian Solar (CSIQ)

Canadian Solar (NASDAQ:CSIQ) : The consensus on Canadian Solar (NASDAQ:CSIQ) based on 8 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Canadian Solar (NASDAQ:CSIQ) : The highest short term price target forecast on Canadian Solar (NASDAQ:CSIQ) is $50 and the lowest target price is $23. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $30.56 with a standard deviation of $8.89.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays initiates coverage on Canadian Solar (NASDAQ:CSIQ). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays announces a current price target of $24 per share. The rating by the firm was issued on April 4, 2016.

Canadian Solar (NASDAQ:CSIQ): stock turned positive on Tuesday. Though the stock opened at $14.3, the bulls momentum made the stock top out at $14.56 level for the day. The stock recorded a low of $14.1459 and closed the trading day at $14.52, in the green by 5.22%. The total traded volume for the day was 1,868,510. The stock had closed at $13.8 in the previous days trading.

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.

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