Canadian Solar Inc. (NASDAQ: CSIQ) – Oppenheimer’s equity researchers lowered their earnings estimates for the fourth quarter of 2021 for Canadian Solar in a report released Thursday, March 18. Oppenheim-based analyst C. Rusch now expects the solar energy provider to post earnings per share of $ 2.18 for the quarter, compared to its previous forecast of $ 2.46. Oppenheimer also announced estimates of Canadian Solar’s earnings for fiscal 2222 of $ 5.61 per share. Canadian Solar (NASDAQ: CSIQ) last published its results on Wednesday March 17th. The solar energy company reported earnings per share of $ 0.11 for the quarter, beating the consensus estimate of ($ 0.55) by $ 0.66. The company had revenue of $ 1.04 billion for the quarter, compared to the consensus estimate of $ 997.86 million. Canadian Solar had a net margin of 6.19% and a return on equity of 10.28%. The company’s quarterly revenue increased 13.2% year over year. For the same period last year, the company posted earnings of $ 1.04 per share.
Several other research firms have also commented on CSIQ. CICC Research upgraded Canadian Solar’s shares from a “Market Perform” rating to an “Outperform” rating and researched the company with a price target of $ 48.00 on Wednesday, November 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Based on Russell began reporting on Canadian Solar in a research report on Friday January 8th. They set a Buy recommendation and a target price of $ 71.00 for the company. JPMorgan Chase & Co. lowered its target price for Canadian Solar from USD 54.00 to USD 46.00 and rated the company as “neutral” in a research report on Monday, March 8th. The Smith Barney Citigroup reported on Canadian Solar in a research note on Friday, January 8th. They gave a buy rating and a target price of $ 71.00 on the stock. Eventually, Zacks Investment Research downgraded Canadian Solar from a “buy” rating to a “strong sell” rating and set a price target of $ 34.00 on the stock. in a research report on Tuesday, November 24th. One analyst rated the stock with a sell rating, two with a hold rating, and six with a buy rating. The company currently has an average rating of “Buy” and a consensus target of $ 48.67.
Almost a decade ago, two ambitious entrepreneurs in the Seattle area saw the potential of the Washington state referendum to legalize recreational cannabis use. They started a company whose sales have increased 8 times in just a few years. Now they are ready to double sales again and expand nationwide.
Canadian Solar stock opened at $ 45.43 on Monday. The company has a leverage ratio of 0.47, a current rate of 1.24, and a fast rate of 1.04. The stock has a market cap of $ 2.70 billion, a price to earnings ratio of 13.17, a PEG ratio of 0.71, and a beta of 1.55. The company’s 50-day moving average is $ 51.03 and the company’s 200-day moving average is $ 44.08. Canadian Solar has a 1-year low of $ 13.50 and a 1-year high of $ 67.39.
Institutional investors and hedge funds have recently added or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Canadian Solar worth approximately $ 30,000 in the fourth quarter. Banque Cantonale Vaudoise bought a new position in Canadian Solar shares worth approximately $ 49,000 in the fourth quarter. Adirondack Trust Co. bought a new position in Canadian Solar for approximately $ 55,000 in the fourth quarter. Steward Partners Investment Advisory LLC bought a new position in Canadian Solar for approximately $ 56,000 in the fourth quarter. Eventually, Accel Wealth Management bought a new position in Canadian Solar for approximately $ 61,000 in the fourth quarter. Institutional investors and hedge funds own 41.03% of the company’s stock.
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.
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7 stocks to support your New Year’s resolutions
After a year like 2020, many Americans expect it to be enough to come by 2021. For many people, however, the beginning of a new year still means making resolutions. And while many Americans still wake up on Groundhog’s Day, the hope is that things will look dramatically different in September than they are now.
Some of the most popular resolutions are to lose weight, exercise more, or take steps to better organize our lives and / or business. And many pure companies are leaning on these trends and doing well.
Alternatively, you can invest in companies that are not just games but can still benefit from consumers looking to start over. Owning these stocks helps you manage your risk. If the trend continues, you can ride the wave. On the other hand, if the wave turns into a ripple, stocks have other catalysts to get it through.
In this particular presentation, we’re going to look at both categories. We have several pure-play companies that investors can use to buy stocks of companies that are capitalizing on these trends. We’ll also give you a few stocks that fall into the latter category.
These are stocks that you can buy anytime and for many reasons. However, at the start of the new year, they offer excellent purchases.
Check out the 7 Things To Do In Support Of Your New Year’s Resolutions.