Barclays PLC Has $121,000 Stake in Canadian Solar Inc. (NASDAQ:CSIQ)

Barclays PLC reduced its holdings in Canadian Solar Inc. (NASDAQ:CSIQ) by 90.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,856 shares of the solar energy provider’s stock after selling 104,472 shares during the quarter. Barclays PLC’s holdings in Canadian Solar were worth $121,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. USCF Advisers LLC increased its position in shares of Canadian Solar by 66.7% in the fourth quarter. USCF Advisers LLC now owns 2,500 shares of the solar energy provider’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Canadian Solar by 184.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,166 shares of the solar energy provider’s stock worth $57,000 after acquiring an additional 3,347 shares during the period. Sciencast Management LP acquired a new position in shares of Canadian Solar during the 4th quarter worth $113,000. Miracle Mile Advisors LLC acquired a new position in Canadian Solar during the fourth quarter worth about $133,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Canadian Solar by 28.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,193 shares of the solar energy provider’s stock worth $466,000 after acquiring an additional 8,505 shares in the last quarter. Institutional investors own 52.36% of the company’s stock.

Wall Street Analyst Weigh In

CSIQ has been the topic of a number of research reports. Roth Capital lowered Canadian Solar from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Friday, April 25th. Citigroup raised shares of Canadian Solar from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a research report on Thursday, April 17th. StockNews.com lowered shares of Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price on Canadian Solar from $11.00 to $9.00 and set a “sell” rating for the company in a report on Wednesday, March 26th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.77.

Canadian Solar Price Performance

Shares of CSIQ stock opened at $10.11 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a market cap of $668.87 million, a P/E ratio of -84.25, a P/E/G ratio of 0.74 and a beta of 1.35. The business’s 50 day moving average price is $8.92 and its 200-day moving average price is $10.71. Canadian Solar Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $21.05.

Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings data on Tuesday, March 25th. The solar energy provider reported ($1.47) EPS for the quarter, missing the consensus estimate of ($0.21) by ($1.26). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.57 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. On average, equities research analysts anticipate that Canadian Solar Inc. will post -0.23 earnings per share for the current year.

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.