Canadian Solar (CSIQ) Shares are Up 2.61%

Canadian Solar (CSIQ) has been under a strong bear grip, hence the stock is down -5.41% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.17% in the past 1 week. The stock has risen by 2.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.06% in the past 4 weeks.

Canadian Solar (NASDAQ:CSIQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.22 and $14.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.57, notching a gain of 2.61% for the day. The total traded volume was 1,622,590 . The stock had closed at $14.20 on the previous day.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 7.79%. Canadian Solar Inc. has dropped 8.36% during the last 3-month period . Year-to-Date the stock performance stands at -49.69%.

Canadian Solar (CSIQ) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $13. The average forecast of all the analysts is $25.61 and the expected standard deviation is $7.6.


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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