Canadian Solar (CSIQ) to Release Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Canadian Solar Trading Down 1.9 %

Shares of CSIQ opened at $9.96 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. Canadian Solar has a 12-month low of $9.19 and a 12-month high of $21.05. The firm has a 50-day moving average price of $10.43 and a 200 day moving average price of $12.13. The firm has a market capitalization of $658.94 million, a P/E ratio of -83.00, a P/E/G ratio of 0.74 and a beta of 1.34.

Analyst Upgrades and Downgrades

CSIQ has been the subject of a number of analyst reports. The Goldman Sachs Group lowered shares of Canadian Solar from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.00 to $11.00 in a report on Tuesday, December 17th. Wells Fargo & Company lowered their target price on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Mizuho assumed coverage on shares of Canadian Solar in a research note on Friday, December 13th. They set an “outperform” rating and a $20.00 target price for the company. Finally, StockNews.com lowered shares of Canadian Solar from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.04.

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.