Quantbot Technologies LP Buys Shares of 125,743 Canadian Solar Inc. $CSIQ

Key Points

• Quantbot Technologies LP opened a new position in Canadian Solar (NASDAQ: CSIQ) in Q3, purchasing 125,743 shares worth about $1.64 million, or roughly 0.19% of the company.
• Analyst sentiment is mixed — the consensus rating is "Reduce" with a $19.85 average price target, while firms like UBS and Daiwa have raised targets (to $37 and $30 respectively) even as Weiss Ratings remains bearish.
• Quick stock snapshot: CSIQ traded around $17.04 with a market cap of $1.14 billion, a 52‑week range of $6.57–$34.59, and a negative trailing P/E of -47.33.

Quantbot Technologies LP purchased a new position in shares of Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 125,743 shares of the solar energy provider's stock, valued at approximately $1,640,000. Quantbot Technologies LP owned 0.19% of Canadian Solar at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Canadian Solar in the second quarter valued at approximately $33,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Canadian Solar by 38.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,094 shares of the solar energy provider's stock worth $89,000 after purchasing an additional 2,254 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Canadian Solar by 141.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,100 shares of the solar energy provider's stock worth $100,000 after purchasing an additional 5,338 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Canadian Solar during the second quarter worth $152,000. Finally, PharVision Advisers LLC bought a new stake in Canadian Solar in the second quarter valued at about $159,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CSIQ shares. Daiwa Securities Group upgraded Canadian Solar from a "neutral" rating to an "outperform" rating and set a $30.00 target price on the stock in a report on Tuesday, December 2nd. UBS Group lifted their price objective on shares of Canadian Solar from $15.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Canadian Solar from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday, November 14th. Roth Mkm lifted their price target on shares of Canadian Solar from $11.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Canadian Solar in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Canadian Solar presently has an average rating of "Reduce" and a consensus price target of $19.85.

Canadian Solar Stock Up 2.3%

Canadian Solar stock opened at $17.04 on Thursday. The company has a 50 day moving average of $20.96 and a 200-day moving average of $19.17. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.93. Canadian Solar Inc. has a twelve month low of $6.57 and a twelve month high of $34.59. The stock has a market capitalization of $1.14 billion, a PE ratio of -47.33 and a beta of 1.31.

About Canadian Solar

Canadian Solar Inc NASDAQ: CSIQ is a global renewable energy company that specializes in the design, development and manufacturing of solar photovoltaic (PV) modules and system solutions. Founded in 2001 and headquartered in Guelph, Ontario, the company has grown to become one of the world's largest solar module suppliers. Canadian Solar offers a comprehensive portfolio of products, including mono- and multi-crystalline solar cells and modules, as well as advanced energy storage and system integration solutions tailored for residential, commercial and utility-scale applications.

In addition to manufacturing solar components, Canadian Solar provides end-to-end services encompassing project development, engineering, procurement and construction (EPC), as well as operations and maintenance.

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