Canadian Solar (CSIQ) : Analyst Rating Update

Canadian Solar (CSIQ) : Zacks Investment Research ranks Canadian Solar (CSIQ) as 2, which is a Buy recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 8 research analysts is 1, which indicates as a Strong Buy.

Canadian Solar (CSIQ) : The highest level Canadian Solar (CSIQ) is projected to reach is $50 for the short term and the lowest estimate is at $23. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $30.56 and the possibility the share price can swing is $8.89.

Canadian Solar (NASDAQ:CSIQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.53 and $14.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.09, notching a gain of 1.82% for the day. The total traded volume was 1,344,300 . The stock had closed at $14.82 on the previous day.

Also, Barclays initiates coverage on Canadian Solar (NASDAQ:CSIQ). Barclays has a Overweight rating on the shares. As per the latest report, the brokerage house announces the price target to $24 per share. The rating by the firm was issued on April 4, 2016. The company shares have dropped -39.68% from its 1 Year high price. On Dec 24, 2015, the shares registered one year high at $35.17 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $16.85 and the 200 Day Moving Average price is recorded at $19.41.

Canadian Solar Inc. is a solar power company, which designs, develops and manufactures solar wafers, solar cells and solar power products. The Companys solar power products include standard solar modules and specialty solar products. It has two segments: module segment and energy segment. The Companys module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. The Companys energy segment involves solar power project development, engineering, procurement and construction services, operations and maintenance services, and electricity revenue generation. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. Its specialty solar products consist of solar modules that the customers incorporate into their own products and complete specialty products, such as portable solar home systems. The Company sells its products under Canadian Solar brand name.

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