JPMorgan Downgrades Canadian Solar (CSIQ) to Underweight

October 22, 2018 5:59 AM EDT
Get Alerts CSIQ Hot Sheet
Price: $36.97 +1.18%

Rating Summary:
    13 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - October 22, 2018 6:48 AM EDT)

(updated to add analyst comment)

JPMorgan analyst Paul Coster downgraded Canadian Solar (NASDAQ: CSIQ) from Neutral to Underweight with a price target of $15.00.

The analyst cites the valuation for the downgrade as his fundamental view is that CSIQ visibility remains difficult for potential upside to estimates in FY 2018/2019 due to the magnitude of the solar glut.

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 $15.02 yesterday.

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