Canadian Solar (CSIQ) to Release Quarterly Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) is scheduled to be announcing its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Canadian Solar Stock Up 2.7 %

Shares of NASDAQ:CSIQ opened at $12.76 on Thursday. The business’s 50 day moving average is $13.70 and its 200 day moving average is $14.91. Canadian Solar has a 12-month low of $10.91 and a 12-month high of $26.85. The stock has a market cap of $844.20 million, a price-to-earnings ratio of 25.12, a PEG ratio of 4.27 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

CSIQ has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on shares of Canadian Solar in a report on Friday, November 22nd. They set a “buy” rating and a $14.15 price objective on the stock. The Goldman Sachs Group cut their price target on shares of Canadian Solar from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 26th. StockNews.com lowered shares of Canadian Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Roth Mkm cut their target price on Canadian Solar from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, Oppenheimer decreased their price target on Canadian Solar from $43.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Solar has an average rating of “Hold” and a consensus target price of $19.94.

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.