News coverage about Canadian Solar (NASDAQ:CSIQ) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canadian Solar earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the solar energy provider an impact score of 46.4882749400781 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Investors Purchase High Volume of Put Options on Canadian Solar (CSIQ) (americanbankingnews.com)
- Canadian Solar Inc. (CSIQ) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Will 2018 Be Canadian Solar Inc.’s Best Year Yet? (fool.com)
- Will 2018 Be Canadian Solar Inc.'s Best Year Yet? (finance.yahoo.com)
Shares of Canadian Solar (CSIQ) traded down $0.06 during midday trading on Friday, reaching $15.80. The company’s stock had a trading volume of 669,806 shares, compared to its average volume of 695,067. The stock has a market capitalization of $916.45, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 0.33 and a beta of 3.10. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.45. Canadian Solar has a 52 week low of $10.86 and a 52 week high of $19.09.
Several research firms have recently commented on CSIQ. B. Riley reaffirmed a “neutral” rating on shares of Canadian Solar in a research report on Wednesday, November 1st. BidaskClub lowered shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Canadian Solar from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, November 13th. Goldman Sachs Group initiated coverage on Canadian Solar in a research report on Tuesday, January 9th. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, Axiom Securities lowered Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Solar has a consensus rating of “Hold” and an average target price of $18.82.
COPYRIGHT VIOLATION NOTICE: This story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2018/01/21/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-canadian-solar-csiq-share-price.html.
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.
Receive News & Ratings for Canadian Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Solar and related companies with MarketBeat.com's FREE daily email newsletter.