Canadian Solar Inc. (NASDAQ: CSIQ) was targeted for strong growth in short interest in February. As of February 26, there was short interest of 5,430,000 shares, an increase of 23.4% compared to February 11 of 4,400,000 shares. Currently, 12.0% of the company’s shares are short. With an average daily volume of 2,210,000 shares, the short interest ratio is currently 2.5 days.
Several major investors recently bought and sold shares in the company. Captrust Financial Advisors increased its position in Canadian Solar stocks by 4.8% in the fourth quarter. Captrust Financial Advisors now owns 4,355 shares in the solar energy company valued at $ 223,000 after purchasing an additional 200 shares last quarter. Samalin Investment Counsel LLC increased its position in Canadian Solar stocks 8.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 6,250 shares of the solar energy company valued at $ 320,000 after purchasing an additional 500 shares last quarter. Exchange Traded Concepts LLC took a new position in Canadian Solar shares valued at approximately $ 30,000 during the fourth quarter. Wells Fargo & Company MN added 23.4% to its position in Canadian Solar stocks in the fourth quarter. Wells Fargo & Company MN now owns 3,950 shares of the solar energy company valued at $ 202,000 after buying an additional 750 shares last quarter. Finally, Foundry Partners LLC increased its position in Canadian Solar stocks by 0.8% in the fourth quarter. Foundry Partners LLC now owns 105,041 shares of the solar energy company valued at $ 5,382,000 after buying an additional 858 shares last quarter. Currently, 41.03% of the company’s shares are owned by hedge funds and other institutional investors.
Discover the little-known stock that could be a real game changer.
Several stock analysts recently rated CSIQ stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Based Russell started reporting on Canadian Solar in a report on Friday, January 8th. They set a buy recommendation and a price target of $ 71.00 for the stock. CICC Research upgraded Canadian Solar from a “Market Perform” rating to an “Outperform” rating in a report on Wednesday, November 25th, and set a price target of $ 48.00 for the stock. The Smith Barney Citigroup reported on Canadian Solar on Friday, January 8th. They set a buy recommendation and a price target of $ 71.00 for the stock. Goldman Sachs Group lowered Canadian Solar from a “buy” rating to a “neutral” rating in a report on Monday, January 4th, and raised its price target for the company from $ 43.00 to $ 48.00. Finally, JPMorgan Chase & Co. lowered its target price for Canadian Solar from $ 54.00 to $ 46.00 and rated the stock as “neutral” in a research report on Monday, March 8th. One analyst rated the stock with a sell rating, two with a hold rating, and six with a buy rating. Canadian Solar currently has a consensus rating of “Buy” with an average price target of $ 48.67.
Canadian Solar shares opened at $ 42.52 on Wednesday. The company’s 50-day simple moving average is $ 52.09 and the company’s 200-day simple moving average is $ 43.94. Canadian Solar has a 52-week low of $ 12.00 and a 52-week high of $ 67.39. The company has a market cap of $ 2.52 billion, a PE ratio of 12.32, a P / E / G ratio of 0.71, and a beta of 1.55. The company has a leverage ratio of 0.47, a fast rate of 1.04, and a current rate of 1.24.
About Canadian Solar
Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures and sells solar bars, wafers, cells, modules and other solar power products. The company operates in two segments: module and system solutions (MSS) and energy. The MSS segment designs, manufactures, and sells a range of solar energy products, including standard solar modules, specialty solar products, and solar system kits, which are ready-to-install packages that include inverters, shelving systems, and other accessories.
Special story: Return on Equity (ROE)
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
7 hotel stocks just waiting for the vaccine
Like any group of travel and tourism-related stocks, hotel stocks saw a sharp drop in share prices in 2020. The leisure and hospitality sector, which once employed 15 million people, has lost 4 million jobs since February.
Many large cities will feel the effects of the Covid-19 pandemic for years. However, there is ample evidence that the pandemic may be coming to an end. The number of new cases is falling. The number of people vaccinated is increasing. And even in the cities with the most restrictive mitigation measures, the slow process of reopening begins.
All of this cannot come quickly enough for people who rely on the travel and tourism industries for a living. Hotel chains had at least some revenue in the door. And when the winning season ends, the more budget-friendly hotel chains can see revenue that is 75% of the 2019 numbers. However, this is not enough to make the hotels almost full. Especially in hotels with bars and restaurants that are closed or have stayed open with limited capacity.
Many economists are optimistic that traveling could look more normal from this summer onwards. And the world economy could achieve 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the widest presence will be in the best position to reopen the economy.
Check out the “7 Hotel Stocks Just Waiting For The Vaccine”.