Canadian Solar (CSIQ) Projected to Post Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ) is anticipated to issue its quarterly earnings data 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Canadian Solar Price Performance

CSIQ opened at $9.96 on Friday. Canadian Solar has a 1 year low of $9.19 and a 1 year high of $21.05. The stock has a fifty day moving average price of $10.43 and a 200 day moving average price of $12.13. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The stock has a market cap of $658.94 million, a price-to-earnings ratio of -83.00, a PEG ratio of 0.74 and a beta of 1.34.

Wall Street Analysts Forecast Growth

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