Canadian Solar (CSIQ) Receiving Somewhat Favorable Media Coverage, Accern Reports
News headlines about Canadian Solar (NASDAQ:CSIQ) have been trending somewhat positive on Friday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Solar earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the solar energy provider an impact score of 46.1164656210284 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Bay Area Rapid Transit Signs First-Ever Utility-Scale Solar PPA with Canadian Solar Subsidiary Recurrent Energy (finance.yahoo.com)
- Canadian Solar (CSIQ) Wins 18 MWp Solar Project in Japan (finance.yahoo.com)
- Brokerages Anticipate Canadian Solar Inc. (CSIQ) to Post $1.06 Earnings Per Share (americanbankingnews.com)
- Canadian Solar Inc. (NASDAQ:CSIQ) – Price to Earnings’ Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
- Enthralling Stock- Canadian Solar Inc. (NASDAQ:CSIQ) – The Stock Street (press release) (thestreetpoint.com)
CSIQ has been the topic of several recent analyst reports. Roth Capital raised Canadian Solar from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, November 10th. Axiom Securities set a $26.00 price target on Canadian Solar and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded Canadian Solar from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. Cowen reaffirmed a “hold” rating and issued a $17.00 price target on shares of Canadian Solar in a research report on Sunday, October 22nd. Finally, Barclays downgraded Canadian Solar from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $12.00 to $14.00 in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Solar currently has an average rating of “Hold” and an average price target of $20.01.
Shares of Canadian Solar (NASDAQ CSIQ) opened at $17.12 on Friday. The stock has a market capitalization of $957.05, a P/E ratio of 78.57, a PEG ratio of 0.65 and a beta of 3.08. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.45. Canadian Solar has a 1 year low of $10.86 and a 1 year high of $19.09.
Canadian Solar (NASDAQ:CSIQ) last released its quarterly earnings data on Thursday, November 9th. The solar energy provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $912.20 million for the quarter, compared to analysts’ expectations of $812.37 million. Canadian Solar had a return on equity of 1.32% and a net margin of 0.84%. Canadian Solar’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. analysts predict that Canadian Solar will post 0.97 EPS for the current year.
Canadian Solar Company Profile
Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.
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