Canadian Solar (CSIQ) Set to Announce Quarterly Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) is scheduled to be announcing its earnings results before the market opens on Thursday, August 22nd. Analysts expect the company to announce earnings of ($0.01) 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 Down 2.5 %

Shares of Canadian Solar stock opened at $14.49 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 1.02. Canadian Solar has a 52-week low of $13.04 and a 52-week high of $31.21. The stock has a market capitalization of $958.64 million, a price-to-earnings ratio of 5.03, a P/E/G ratio of 0.30 and a beta of 1.29. The company’s 50 day moving average price is $15.61 and its 200-day moving average price is $17.61.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSIQ shares. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 price target on shares of Canadian Solar in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price target on Canadian Solar from $17.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 16th. StockNews.com lowered Canadian Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. UBS Group dropped their price target on Canadian Solar from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Finally, Glj Research raised their price objective on Canadian Solar from $9.10 to $12.28 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.03.

About Canadian Solar

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.