Canadian Solar (CSIQ) Reports In-Line Q3 EPS; Sees Q4 Shipments Up Sequentially
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Roth Capital Cuts PT on Canadian Solar (CSIQ) to $11 Following Q3 Results, Outlook
November 22, 2016 6:53 AM ESTRoth Capital cuts its price target on Neutral-rated Canadian Solar (Nasdaq: CSIQ) from $20 down to $11 following Q3 results and weak guidance on Monday morning.
The firm commented, In our module vendor coverage universe, CSIQ was our last stock with a Buy rating. We had maintained the rating... More
FBR Capital Downgrades Canadian Solar (CSIQ) to Market Perform; Sees Weaker Margins
November 22, 2016 6:23 AM ESTFBR Capital downgraded Canadian Solar (NASDAQ: CSIQ) from Outperform to Market Perform with a price target of $12.00 (from $23.00), saying manufacturing issues and timing on project sales to clip margins.
Analyst Carter Driscoll commented, "CSIQ delivered a decent 3Q16 despite a weak solar market. However, not surprisingly, CSIQ lowered 2016 guidance on higher-than-expected pricing pressure. Surprisingly,... More
