Canadian Solar (CSIQ) Given Daily News Impact Score of 0.51
Press coverage about Canadian Solar (NASDAQ:CSIQ) has trended very positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Solar earned a news impact score of 0.51 on Accern’s scale. Accern also assigned news stories about the solar energy provider an impact score of 36 out of 100, indicating that recent media coverage is unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Canadian Solar Inc. (NASDAQ:CSIQ) Closed 16.7% Above Its 50 Day Moving Average – Highlight Press (highlightpress.com)
- Why Shares of Canadian Solar Inc. Popped 24% in June – Motley Fool (fool.com)
- Why the Solar Industry Is Rallying (finance.yahoo.com)
- Ignore Canadian Solar Inc.: Here Are 3 Better Stocks – Motley Fool (fool.com)
Canadian Solar (NASDAQ:CSIQ) opened at 15.67 on Tuesday. The company has a market capitalization of $906.23 million, a P/E ratio of 31.15 and a beta of 3.07. The stock’s 50 day moving average price is $13.44 and its 200 day moving average price is $13.07. Canadian Solar has a 52 week low of $10.25 and a 52 week high of $16.38.
Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Tuesday, June 6th. The solar energy provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.04 by $0.14. The company had revenue of $677 million during the quarter, compared to analysts’ expectations of $580.45 million. Canadian Solar had a return on equity of 7.12% and a net margin of 1.04%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Analysts anticipate that Canadian Solar will post $1.54 earnings per share for the current year.
A number of research analysts recently issued reports on CSIQ shares. Cowen and Company increased their price objective on Canadian Solar from $10.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $31.00 price objective on shares of Canadian Solar in a report on Thursday, April 20th. ValuEngine downgraded Canadian Solar from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Axiom Securities reiterated a “sell” rating on shares of Canadian Solar in a report on Friday, June 9th. Finally, J P Morgan Chase & Co decreased their price objective on Canadian Solar from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, March 22nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.20.
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Canadian Solar Company Profile
Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.
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