Canadian Solar (CSIQ) Expected to Announce Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) is expected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Canadian Solar Stock Down 2.3 %

CSIQ stock opened at $9.61 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85. Canadian Solar has a 52-week low of $9.29 and a 52-week high of $21.05. The company has a 50-day moving average of $10.84 and a two-hundred day moving average of $12.29. The stock has a market capitalization of $635.79 million, a price-to-earnings ratio of -80.08, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSIQ. Mizuho began coverage on shares of Canadian Solar in a research report on Friday, December 13th. They set an “outperform” rating and a $20.00 price objective for the company. Jefferies Financial Group began coverage on shares of Canadian Solar in a research report on Friday, November 22nd. They set a “buy” rating and a $14.15 price objective for the company. The Goldman Sachs Group lowered shares of Canadian Solar from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.00 to $11.00 in a research report on Tuesday, December 17th. Wells Fargo & Company cut 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 shares of Canadian Solar from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Solar presently has an average rating of “Hold” and an average target price 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.