NASDAQ:CSIQ - Canadian Solar Stock Price, Price Target & More

Canadian Solar trades on the NASDAQ under the ticker symbol "CSIQ."

Canadian Solar Inc. (NASDAQ:CSIQ) announced its earnings results on Wednesday, May, 16th. The solar energy provider reported $0.72 EPS for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.34. The solar energy provider had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.38 billion. Canadian Solar had a return on equity of 10.51% and a net margin of 3.78%. Canadian Solar's revenue for the quarter was up 110.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) EPS. View Canadian Solar's Earnings History.

Canadian Solar is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Canadian Solar.

10 equities research analysts have issued twelve-month target prices for Canadian Solar's stock. Their forecasts range from $14.00 to $24.00. On average, they anticipate Canadian Solar's stock price to reach $17.40 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Ratings for Canadian Solar.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Solar in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Canadian Solar saw a increase in short interest in June. As of June 15th, there was short interest totalling 2,924,754 shares, an increase of 134.4% from the May 31st total of 1,247,598 shares. Based on an average trading volume of 2,417,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 6.5% of the company's stock are short sold. View Canadian Solar's Current Options Chain.

Some companies that are related to Canadian Solar include Cabot Microelectronics (CCMP), Cirrus Logic (CRUS), Solaredge Technologies (SEDG), Viavi Solutions (VIAV), Power Integrations (POWI), Tower Semiconductor (TSEM), BE Semiconductor Industrs (BESIY), Amkor Technology (AMKR), Finisar (FNSR), Kulicke and Soffa Industries (KLIC), Silicon Motion Technology (SIMO), Diodes (DIOD), Synaptics (SYNA), MACOM Technology Solutions (MTSI) and Oclaro (OCLR).

Headlines about CSIQ stock have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Solar earned a news impact score of 0.04 on Accern's scale. They also gave news stories about the solar energy provider an impact score of 47.22 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Canadian Solar's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include DnB Asset Management AS (2.35%). View Institutional Ownership Trends for Canadian Solar.

CSIQ stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS. View Insider Buying and Selling for Canadian Solar.

Shares of CSIQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CSIQ stock can currently be purchased for approximately $12.78.

Canadian Solar has a market capitalization of $758.10 million and generates $3.39 billion in revenue each year. The solar energy provider earns $99.57 million in net income (profit) each year or $1.04 on an earnings per share basis. Canadian Solar employs 9,724 workers across the globe.

Canadian Solar's mailing address is 545 SPEEDVALE AVENUE WEST GUELPH, ONTARIO A6, 215129. The solar energy provider can be reached via phone at 519-837-1881 or via email at [email protected]