Canadian Solar (CSIQ) Shares Slide -2.61%

Canadian Solar (CSIQ) : During the past 4 weeks, traders have been relatively bearish on Canadian Solar (CSIQ), hence the stock is down -9.97% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.54% relative to the S&P 500. The 4-week change in the price of the stock is -6.95% and the stock has fallen -2.61% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 12.21%. Canadian Solar Inc. has dropped 20.71% during the last 3-month period . Year-to-Date the stock performance stands at -50.97%.


Canadian Solar (NASDAQ:CSIQ): On Fridays trading session , Opening price of the stock was $14.28 with an intraday high of $14.36. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.07. However, the stock managed to close at $14.2, a loss of 1.32% for the day. On the previous day, the stock had closed at $14.39. The total traded volume of the day was 1,414,223 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.