Canadian Solar (CSIQ) Projected to Post Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Canadian Solar Price Performance

NASDAQ:CSIQ traded down $0.19 during midday trading on Friday, hitting $9.96. 950,986 shares of the stock were exchanged, compared to its average volume of 1,817,146. The business has a 50-day moving average price of $10.48 and a two-hundred day moving average price of $12.15. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $658.88 million, a price-to-earnings ratio of -82.99, a P/E/G ratio of 0.74 and a beta of 1.34. Canadian Solar has a one year low of $9.19 and a one year high of $21.05.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CSIQ shares. StockNews.com lowered Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group cut shares of Canadian Solar from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $14.00 to $11.00 in a research note on Tuesday, December 17th. Mizuho began coverage on shares of Canadian Solar in a research note on Friday, December 13th. They set an "outperform" rating and a $20.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of Canadian Solar in a research report on Friday, November 22nd. They issued a "buy" rating and a $14.15 price target on the stock. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.04.

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About Canadian Solar

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.