Susquehanna Fundamental Investments LLC Takes $1.77 Million Position in Canadian Solar Inc. (NASDAQ:CSIQ)

Susquehanna Fundamental Investments LLC acquired a new stake in Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 159,056 shares of the solar energy provider's stock, valued at approximately $1,769,000. Susquehanna Fundamental Investments LLC owned 0.24% of Canadian Solar at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. USCF Advisers LLC increased its holdings 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 purchasing an additional 1,000 shares during the period. Wells Fargo & Company MN grew its stake 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 purchasing an additional 3,347 shares during the period. NewEdge Advisors LLC boosted its holdings in Canadian Solar by 6.7% during the fourth quarter. NewEdge Advisors LLC now owns 75,481 shares of the solar energy provider's stock worth $839,000 after buying an additional 4,717 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 during the last quarter. Finally, Mariner LLC grew its stake in Canadian Solar by 100.0% in the 4th quarter. Mariner LLC now owns 20,000 shares of the solar energy provider's stock worth $222,000 after acquiring an additional 10,000 shares during the period. 52.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CSIQ. Wells Fargo & Company cut their price target on Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. Roth Capital downgraded Canadian Solar from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a 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 on the stock in a report on Thursday, April 17th. StockNews.com lowered Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Solar has an average rating of "Hold" and a consensus price target of $16.77.

Canadian Solar Stock Up 2.8 %

Shares of Canadian Solar stock traded up $0.26 during trading on Tuesday, reaching $9.44. The stock had a trading volume of 378,130 shares, compared to its average volume of 1,936,989. The company has a market capitalization of $624.21 million, a price-to-earnings ratio of -78.67, a P/E/G ratio of 0.74 and a beta of 1.35. Canadian Solar Inc. has a 52 week low of $6.57 and a 52 week high of $21.05. The stock has a fifty day moving average price of $8.99 and a two-hundred day moving average price of $10.83. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($1.26). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.57 billion. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. Canadian Solar's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Sell-side analysts predict that Canadian Solar Inc. will post -0.23 EPS for the current fiscal year.

Canadian Solar 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.