Canadian Solar (CSIQ): Price Target and June Short Interest Disclosure

Canadian Solar (CSIQ) : The most positive equity analysts on Canadian Solar (CSIQ) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $23 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $30.19 with an expected fluctuation of $9.06 from the mean.

Canadian Solar (CSIQ), According to the latest information the short interest in Canadian Solar Inc. – common shares shot up by 1.5% or 91,642 shares. The final shorts are 13.6% of the total floated shares. The positions increased from 5,942,074 shares on June 15,2016 to 6,033,716 on June 30,2016. According to the per-day average trading of 1,965,981 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Barclays initiates coverage on Canadian Solar (NASDAQ:CSIQ). The shares have now been rated Overweight by the stock experts at the ratings house. Barclays announces the current price target of $24 per share on Canadian Solar . The rating by the firm was issued on April 4, 2016.


Canadian Solar (NASDAQ:CSIQ): On Thursdays trading session , Opening price of the stock was $15.37 with an intraday high of $15.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.86. However, the stock managed to close at $14.96, a loss of 1.84% for the day. On the previous day, the stock had closed at $15.24. The total traded volume of the day was 3,588,951 shares.

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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