Canadian Solar (CSIQ) : During the past 4 weeks, traders have been relatively bearish on Canadian Solar (CSIQ), hence the stock is down -9.7% 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 -0.43% relative to the S&P 500. The stock has risen by 0.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.81% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 7.75%.The 200 Day SMA reached 29.97%. Canadian Solar Inc. has dropped 27.92% during the last 3-month period . Year-to-Date the stock performance stands at -54.63%.
Canadian Solar (NASDAQ:CSIQ): After opening at $12.82, the stock dipped to an intraday low of $12.82 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.22 and the buying power remained strong till the end. The stock closed at $13.14 for the day, a gain of 1.31% for the day session. The total traded volume was 1,763,475. The stocks close on the previous trading day was $12.97.
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.