Canadian Solar Inc.s in-depth stock price analysis indicates that the stock price has rallied 6.58% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -5.03% . Looking at the past 52 week period, the stock price is down -23.92% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Canadian Solar Inc. has a negative value of -36.83 compared to overall market performance. Canadian Solar Inc. (NASDAQ:CSIQ) has climbed 2.55% in the past week and advanced 0.16% in the last 4 weeks. The company has outperformed the S&P 500 by 1.72% in the past week but underperformed the index by 1.63% in the last 4 weeks.
Canadian Solar Inc. (NASDAQ:CSIQ) : On Friday heightened volatility was witnessed in Canadian Solar Inc. (NASDAQ:CSIQ) which led to swings in the share price. The stock opened for trading at $12.09 and hit $12.54 on the upside , eventually ending the session at $12.47, with a gain of 3.74% or 0.45 points. The heightened volatility saw the trading volume jump to 1,349,751 shares. The 52-week high of the share price is $23.56 and the company has a market cap of $716 million. The 52-week low of the share price is at $10.25 .
Canadian Solar Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.26. The company had revenue of $657.30 million for the quarter, compared to analysts expectations of $685.28 million. The companys revenue was down -22.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Canadian Solar was Initiated by Guggenheim to Neutral on Dec 15, 2016. Canadian Solar was Downgraded by FBR & Co. on Nov 22, 2016 to Mkt Perform, Lowers Price Target to $ 12 from a previous price target of $23 .Canadian Solar was Downgraded by ROTH Capital to Neutral on Nov 22, 2016.
Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.