Somewhat Favorable News Coverage Somewhat Unlikely to Impact Canadian Solar (NASDAQ:CSIQ) Share Price

Media headlines about Canadian Solar (NASDAQ:CSIQ) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Solar earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the solar energy provider an impact score of 44.0261223128577 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

CSIQ has been the subject of a number of research analyst reports. UBS initiated coverage on shares of Canadian Solar in a research report on Thursday, March 15th. They set a “sell” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. cut shares of Canadian Solar from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $17.51 to $17.00 in a research report on Tuesday. They noted that the move was a valuation call. Axiom Securities cut shares of Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Friday, December 15th. BidaskClub lowered shares of Canadian Solar from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, B. Riley set a $18.00 target price on shares of Canadian Solar and gave the stock a “neutral” rating in a report on Thursday, March 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.92.

Canadian Solar stock traded up $0.35 during mid-day trading on Thursday, reaching $16.27. 287,078 shares of the company’s stock were exchanged, compared to its average volume of 737,941. The firm has a market cap of $955.89, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.45 and a beta of 2.60. Canadian Solar has a twelve month low of $11.50 and a twelve month high of $19.09. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.50.

Canadian Solar (NASDAQ:CSIQ) last announced its quarterly earnings data on Monday, March 19th. The solar energy provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Canadian Solar had a net margin of 2.94% and a return on equity of 6.11%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.24 EPS. The company’s revenue was up 65.9% on a year-over-year basis. equities research analysts anticipate that Canadian Solar will post 1.4 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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