Press coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian Solar earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the solar energy provider an impact score of 48.308473317829 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
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Global PV (Photovoltaics) Market Emerging Technology by 2023: Jinko Solar, Canadian Solar, Trina Solar and Hanwha (thecleantechnology.com) $715.14 Million in Sales Expected for Canadian Solar (CSIQ) This Quarter (americanbankingnews.com) Canadian Solar (CSIQ) Expected to Announce Earnings of $0.44 Per Share (americanbankingnews.com) EGEB: 2 offshore wind mega-projects awarded on East coast, Trumps tariffs hit Canadian Solar, last call for cheapest upgraded turbines (electrek.co) Short Sellers Still Cool to Solar Stocks, Betting Against Alt Energy (msn.com)
NASDAQ:CSIQ traded down $0.27 during trading hours on Thursday, reaching $16.62. 8,992 shares of the company’s stock were exchanged, compared to its average volume of 564,562. The stock has a market cap of $982.57 million, a P/E ratio of 16.00, a P/E/G ratio of 0.32 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.83. Canadian Solar has a 1-year low of $12.24 and a 1-year high of $19.09.
Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings results on Wednesday, May 16th. The solar energy provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.34. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Canadian Solar had a net margin of 3.78% and a return on equity of 10.51%. Canadian Solar’s quarterly revenue was up 110.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) EPS. sell-side analysts expect that Canadian Solar will post 2.06 EPS for the current fiscal year.
CSIQ has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Canadian Solar from an “underweight” rating to a “neutral” rating and set a $16.00 target price for the company in a report on Thursday, February 1st. ValuEngine upgraded shares of Canadian Solar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut shares of Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. B. Riley set a $18.00 target price on shares of Canadian Solar and gave the company a “neutral” rating in a report on Thursday, March 15th. Finally, UBS initiated coverage on shares of Canadian Solar in a report on Thursday, March 15th. They issued a “sell” rating and a $15.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.84.
Canadian Solar Company Profile
Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.