Canadian Solar (CSIQ) to Release Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Canadian Solar Stock Down 1.9 %

CSIQ stock opened at $9.96 on Monday. The firm’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $12.13. The company has a market capitalization of $658.94 million, a P/E ratio of -83.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85. Canadian Solar has a 12 month low of $9.19 and a 12 month high of $21.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSIQ shares. The Goldman Sachs Group cut shares of Canadian Solar from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.00 to $11.00 in a research note on Tuesday, December 17th. StockNews.com cut shares of Canadian Solar from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho initiated coverage on shares of Canadian Solar in a research report on Friday, December 13th. They set an “outperform” rating and a $20.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Solar currently has an average rating of “Hold” and a consensus price target of $18.04.

About Canadian Solar

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.