Auriga Maintains a 'Hold' on Canadian Solar (CSIQ); Updating Estimates; Raising Price Target
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Price: $14.41 -0.83%
Rating Summary:
12 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
12 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Auriga maintains a 'Hold' on Canadian Solar (NASDAQ: CSIQ) price target raised to $4.00.
Auriga analyst said, "Canadian Solar updated its 4Q11 module shipments guidance after the market close yesterday to 430MWp to 440MWp compared to 340MWp to 360MWp previously. 4Q11 Goss Margins: Gross margin guidance was unchanged at 5% to 8% - this implies company module ASP for 4Q11 at > $1.00/Wp - in-line with guidance and compares favorably vs. $0.80/Wp to $0.90/Wp liquidation pricing reported for December 2011. While there were no inventory write-offs, it will be no surprise if inventory/asset write-offs come in future quarters."
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 $4.18 yesterday.
Auriga analyst said, "Canadian Solar updated its 4Q11 module shipments guidance after the market close yesterday to 430MWp to 440MWp compared to 340MWp to 360MWp previously. 4Q11 Goss Margins: Gross margin guidance was unchanged at 5% to 8% - this implies company module ASP for 4Q11 at > $1.00/Wp - in-line with guidance and compares favorably vs. $0.80/Wp to $0.90/Wp liquidation pricing reported for December 2011. While there were no inventory write-offs, it will be no surprise if inventory/asset write-offs come in future quarters."
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 $4.18 yesterday.
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