News stories about Canadian Solar (NASDAQ:CSIQ) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Solar earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the solar energy provider an impact score of 46.9116105073265 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Canadian Solar Joins Rank Of Stocks With RS Ratings Over 90 (finance.yahoo.com)
- Canadian Solar Inc. to Host Earnings Call (finance.yahoo.com)
- Canadian Solar (CSIQ) Q3 Earnings In Line, Revenues Beat (finance.yahoo.com)
- Edited Transcript of CSIQ earnings conference call or presentation 9-Nov-17 1:00pm GMT (finance.yahoo.com)
- 3 Reasons To Ignore ‘Overwhelming’ Cynicism On Canadian Solar (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Canadian Solar in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Canadian Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Canadian Solar from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Roth Capital raised shares of Canadian Solar from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday. Finally, FBR & Co reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Canadian Solar in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Solar presently has a consensus rating of “Hold” and an average price target of $19.01.
Shares of Canadian Solar (CSIQ) traded up $0.94 on Friday, reaching $17.78. 3,177,700 shares of the company were exchanged, compared to its average volume of 1,265,949. Canadian Solar has a 52-week low of $10.36 and a 52-week high of $19.09. The stock has a market capitalization of $976.77, a PE ratio of 80.19, a PEG ratio of 0.82 and a beta of 3.12. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.42.
Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings results on Thursday, November 9th. The solar energy provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Canadian Solar had a net margin of 0.73% and a return on equity of 5.63%. The firm had revenue of $912.20 million during the quarter, compared to analysts’ expectations of $812.37 million. During the same period in the previous year, the company earned $0.27 earnings per share. Canadian Solar’s quarterly revenue was up 38.8% compared to the same quarter last year. analysts anticipate that Canadian Solar will post 1.11 earnings per share for the current fiscal year.
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About Canadian Solar
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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