Canadian Solar (CSIQ) to Release Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, December 5th. Analysts expect Canadian Solar to post earnings of ($0.44) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Canadian Solar Price Performance

CSIQ stock opened at $12.76 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market cap of $844.20 million, a price-to-earnings ratio of 25.12, a PEG ratio of 4.27 and a beta of 1.34. The company’s fifty day simple moving average is $13.70 and its 200 day simple moving average is $14.91. Canadian Solar has a 12-month low of $10.91 and a 12-month high of $26.85.

Analysts Set New Price Targets

CSIQ has been the topic of a number of recent analyst reports. Roth Mkm dropped their price objective on Canadian Solar from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Citigroup cut Canadian Solar from a “neutral” rating to a “sell” rating and cut their price target for the stock from $19.00 to $11.00 in a report on Tuesday, October 22nd. Oppenheimer lowered their price objective on shares of Canadian Solar from $43.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Jefferies Financial Group assumed coverage on shares of Canadian Solar in a research note on Friday, November 22nd. They set a “buy” rating and a $14.15 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Canadian Solar from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 26th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.