Barclays Downgrades Canadian Solar (CSIQ) to Underweight

Barclays downgraded Canadian Solar (NASDAQ: CSIQ) from Equalweight to Underweight with a price target of $14.00 (from $12.00).

Analyst Joe Windham sees multiple NT risks relating to possible delay/weak pricing nature of some project sales and possible soft demand from investors for a j-REIT launch in the second of the year. The analyst also sees risks associated with the Sept. 22 injury vote in the US ITC 201 trade case impacting sentiment.

For an analyst ratings summary and ratings history on Canadian Solar click here. For more ratings news on Canadian Solar click here.

Shares of Canadian Solar closed at $16.63 Friday.

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