Shares of Canadian Solar Inc. (NASDAQ:CSIQ) were up 3.5% during mid-day trading on Wednesday . The stock traded as high as $14.98 and last traded at $14.91, with a volume of 1,359,895 shares trading hands. The stock had previously closed at $14.41.

Several analysts have recently issued reports on CSIQ shares. Zacks Investment Research lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Roth Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of Canadian Solar in a report on Sunday, May 15th. Barclays PLC initiated coverage on shares of Canadian Solar in a report on Monday, April 4th. They set an “overweight” rating and a $24.00 target price on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $29.00 target price (down previously from $30.00) on shares of Canadian Solar in a report on Saturday, May 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $28.00 target price on shares of Canadian Solar in a report on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.16.

The company has a 50-day moving average price of $15.95 and a 200 day moving average price of $18.54. The company has a market cap of $839.86 million and a PE ratio of 6.44.

Canadian Solar (NASDAQ:CSIQ) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.25. The company earned $721.40 million during the quarter, compared to analysts’ expectations of $663.74 million. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. On average, equities research analysts expect that Canadian Solar Inc. will post $2.42 earnings per share for the current fiscal year.

A number of large investors recently added to or reduced their stakes in the company. Russell Frank Co raised its stake in Canadian Solar by 26.7% in the fourth quarter. Russell Frank Co now owns 64,652 shares of the company’s stock valued at $1,852,000 after buying an additional 13,642 shares in the last quarter. California Public Employees Retirement System raised its stake in Canadian Solar by 0.3% in the fourth quarter. California Public Employees Retirement System now owns 181,200 shares of the company’s stock valued at $5,248,000 after buying an additional 500 shares in the last quarter. GAM Holding AG raised its stake in Canadian Solar by 42.3% in the fourth quarter. GAM Holding AG now owns 123,650 shares of the company’s stock valued at $3,581,000 after buying an additional 36,760 shares in the last quarter. GSA Capital Partners LLP raised its stake in Canadian Solar by 378.0% in the fourth quarter. GSA Capital Partners LLP now owns 211,428 shares of the company’s stock valued at $6,123,000 after buying an additional 167,194 shares in the last quarter. Finally, Morgan Stanley raised its stake in Canadian Solar by 214.9% in the fourth quarter. Morgan Stanley now owns 523,185 shares of the company’s stock valued at $15,152,000 after buying an additional 357,042 shares in the last quarter.

Canadian Solar Inc is a solar power company, which designs, develops and manufactures solar wafers, solar cells and solar power products. The Company’s solar power products include standard solar modules and specialty solar products. It has two segments: module segment and energy segment. The Company’s module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits.

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