Canadian Solar (CSIQ) : During the past 4 weeks, traders have been relatively bearish on Canadian Solar (CSIQ), hence the stock is down -7.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.47% relative to the S&P 500. The stock has risen by 0.14% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.69% in the past 4 weeks.
Canadian Solar (NASDAQ:CSIQ): The stock opened at $14.66 on Friday but the bulls could not build on the opening and the stock topped out at $14.69 for the day. The stock traded down to $14.31 during the day, due to lack of any buying support eventually closed down at $14.58 with a loss of -0.27% for the day. The stock had closed at $14.62 on the previous day. The total traded volume was 1,531,932 shares.
The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 11.26%. Canadian Solar Inc. has dropped 23.42% during the last 3-month period . Year-to-Date the stock performance stands at -49.65%.
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.