Canadian Solar (CSIQ) to Release Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ) is anticipated to announce its earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Canadian Solar Stock Down 1.9 %

CSIQ stock opened at $9.96 on Friday. The stock has a market capitalization of $658.94 million, a P/E ratio of -83.00, a PEG ratio of 0.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. Canadian Solar has a one year low of $9.19 and a one year high of $21.05. The company has a 50 day moving average price of $10.43 and a two-hundred day moving average price of $12.13.

Analyst Ratings Changes

CSIQ has been the topic of several research analyst reports. Mizuho began coverage on Canadian Solar in a research note on Friday, December 13th. They issued an “outperform” rating and a $20.00 price objective on the stock. The Goldman Sachs Group cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.00 to $11.00 in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Canadian Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.04.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.