Short Term Rating on Canadian Solar (CSIQ)

Canadian Solar (CSIQ) : 8 brokerage houses believe that Canadian Solar (CSIQ) is a Strong Buy at current levels. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Canadian Solar (CSIQ) : 8 Wall Street analysts covering Canadian Solar (CSIQ) believe that the average level the stock could reach for the short term is $30.19. The maximum price target given is $50 and the minimum target for short term is around $23, hence the standard deviation is calculated at $9.06.

For the current week, the company shares have a recommendation consensus of Buy.


Canadian Solar (NASDAQ:CSIQ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.77 and $15.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.89, notching a gain of 1.40% for the day. The total traded volume was 1,834,974 . The stock had closed at $15.67 on the previous day.

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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