Barclays PLC Has $1.93 Million Stock Holdings in Canadian Solar Inc. (NASDAQ:CSIQ)

Barclays PLC grew its holdings in Canadian Solar Inc. (NASDAQ:CSIQ - Free Report) by 494.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,328 shares of the solar energy provider's stock after purchasing an additional 95,924 shares during the period. Barclays PLC owned about 0.17% of Canadian Solar worth $1,932,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its stake in Canadian Solar by 8.0% in the 2nd quarter. American Century Companies Inc. now owns 18,716 shares of the solar energy provider's stock valued at $276,000 after buying an additional 1,383 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Canadian Solar by 20.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the solar energy provider's stock valued at $149,000 after acquiring an additional 1,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Canadian Solar by 1.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 110,188 shares of the solar energy provider's stock worth $1,847,000 after acquiring an additional 1,522 shares during the last quarter. Quarry LP purchased a new stake in shares of Canadian Solar during the second quarter worth $31,000. Finally, Green Alpha Advisors LLC boosted its position in Canadian Solar by 8.8% during the third quarter. Green Alpha Advisors LLC now owns 40,390 shares of the solar energy provider's stock valued at $677,000 after purchasing an additional 3,282 shares during the last quarter. 52.36% of the stock is owned by hedge funds and other institutional investors.

Canadian Solar Stock Performance

NASDAQ:CSIQ traded down $0.14 during mid-day trading on Friday, hitting $11.38. 847,854 shares of the company's stock traded hands, compared to its average volume of 1,742,382. The firm has a market capitalization of $752.89 million, a price-to-earnings ratio of -94.83, a price-to-earnings-growth ratio of 8.89 and a beta of 1.29. The firm has a 50 day moving average of $12.51 and a two-hundred day moving average of $14.03. 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 Inc. has a 12 month low of $10.60 and a 12 month high of $26.85.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The solar energy provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.13. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the business earned $0.32 earnings per share. Canadian Solar's revenue for the quarter was down 18.4% compared to the same quarter last year. On average, equities analysts forecast that Canadian Solar Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CSIQ has been the topic of several research reports. Citigroup lowered Canadian Solar from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $19.00 to $11.00 in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Canadian Solar from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. Mizuho assumed coverage on shares of Canadian Solar in a research report on Friday, December 13th. They issued an "outperform" rating and a $20.00 target price for the company. The Goldman Sachs Group downgraded shares of Canadian Solar from a "neutral" rating to a "sell" rating and cut their price target for the company from $14.00 to $11.00 in a report on Tuesday, December 17th. Finally, Jefferies Financial Group initiated coverage on shares of Canadian Solar in a report on Friday, November 22nd. They issued a "buy" rating and a $14.15 price objective for the company. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Canadian Solar has an average rating of "Hold" and a consensus target price of $18.58.

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.