Canaccord Genuity Cuts Price Target on Canadian Solar (CSIQ) Following 18c EPS Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/6/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
Roth Capital Trims PT on Canadian Solar (CSIQ) Following Q2 Results, Outlook; Notes Yieldco Remains 'on Track'
August 19, 2015 6:52 AM EDTRoth Capital affirms Canadian Solar (Nasdaq: CSIQ) with a Buy rating, but lowers its price target from $46 to $40 following Q2 results and outlook issued Tuesday night.
Analyst Philip Shen offered the following overall thoughts: What differentiates CSIQ vs. peers, in our view, is the company's robust downstream strategy; it is the only... More
Market Wrap: Housing Starts Outpace in July; Greece Geets Rating Boost; Wal-mart Cuts 2015 Outlook
August 18, 2015 5:25 PM EDTMarket wrap for August 18th
End of the Day: S&P 500 down 5.5 to 2,096.92; Dow Jones down 33.8 to 17,511.34; Nasdaq down 32.4 to 5,059.35
Market Brief: U.S. markets moved lower as China equities fell around 6 percent Tuesday amid speculation of further yuan devaluation. Traders note that more companies might pull money out of China should the economy continue to slow, which may ebb the government's move to support the currency.
Wal-mart issued a Q2 earnings miss, while also trimming FY15... More
Canadian Solar (CSIQ) Tops Q2 EPS by 18c; Issues Light Q3 Revenue Outlook
August 18, 2015 4:02 PM EDTCanadian Solar (NASDAQ: CSIQ) reported Q2 EPS of $0.31, $0.18 better than the analyst estimate of $0.13. Revenue for the quarter came in at $636.65 million versus the consensus estimate of $592.5 million.
Total solar module shipments were 850 MW, of which 809 MW were recognized in revenue, compared to 1.03 GW recognized in revenue in the first quarter of 2015, and second quarter shipment guidance in the range of 950 GW to 1,000 GW.
Business Outlook
The Company's business outlook is based on management's current views and estimates with... More
