Canadian Solar Reports Second Quarter 2016 Results
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August 19, 2016 9:51 AM EDT
Roth Capital affirms Canadian Solar (Nasdaq: CSIQ) at Buy with a price target of $20 following Q2 results and outlook issued early Thursday.
Analyst Philip Shen offered the following overall thoughts today: With the stock down 14% in August alone, CSIQ closed up 18% on short covering as the market was looking for a miss and even weaker guide, especially at the margin level. While we... More
August 19, 2016 6:30 AM EDT
Cowen downgraded Canadian Solar (NASDAQ: CSIQ) from Outperform to Market Perform with a price target of $13.00 (from $20.00).
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 $14.35 yesterday.
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August 19, 2016 6:23 AM EDT
FBR & Co. trims its price target on Outperform-rated Canadian Solar (Nasdaq: CSIQ) from $32 down to $23 following recent Q2 results and outlook.
The firm noted key points from CSIQ's recently quarterly report:
2Q beat. CSIQ reported 2Q16 revenue of $805.7M, module shipments of 1.29 GW, and gross margin of 17.2%, ahead of its...
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August 18, 2016 7:43 AM EDT
Canadian Solar (NASDAQ: CSIQ) reported Q2 EPS of $0.68, $0.31 better than the analyst estimate of $0.37. Revenue for the quarter came in at $805.9 million versus the consensus estimate of $717.47 million.
Total solar module shipments recognized in revenue were 1,290 MW, compared to 1,172 MW recognized in... More
