Form 6-K Canadian Solar Inc. For: Aug 31
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FBR Cuts PT on Canadian Solar (CSIQ) to $23; Q2 Pressured, but Outlook Not as Bad as Feared
August 19, 2016 6:23 AM EDTFBR & 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... More