Canadian Solar Reports Fourth Quarter and Full Year 2016 Results

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Canadian Solar (CSIQ) PT Lowered to $14 at JPMorgan

March 22, 2017 8:27 AM EDT

JPMorgan lowered its price target on Canadian Solar (NASDAQ: CSIQ) to $14.00 (from $16.00) while maintaining a Neutral rating.

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UPDATE: Canadian Solar (CSIQ) Misses Q4 EPS by 8c, Offers Q1 Guidance

March 21, 2017 7:16 AM EDT

(Updated - March 21, 2017 7:18 AM EDT)

Canadian Solar (NASDAQ: CSIQ) reported Q4 EPS of $0.24, $0.08 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $668.4 million versus the consensus estimate of $690.27 million.

Business Outlook

The Company's business outlook is based on management's current views and estimates with respect to operating and market conditions, its current order book and the global financing environment. It is also subject to uncertainty relating to customer final demand and solar project construction schedule. Management's views and... More