Canadian Solar Inc. (NASDAQ:CSIQ) most recently reported quarterly actual earnings per share of $0.68 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.4. The difference between the estimate and the actual EPS was $0.28 creating a surprise factor of 70%. Currently, the company has an impact score of 73. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.105. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $18.8 on the shares. The most bullish brokerage firm has a $30 target, while the most bearish sees the stock headed towards $12.8. This is according to the 6 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.24. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 6 recommendations taking into account in order to arrive at this number. Of the 6, 3 have a Strong Buy rating and 0 are rating it a Buy.
Canadian Solar Inc. (CSI) designs, develops, and manufactures solar wafers, cells and solar module products that convert sunlight into electricity for a variety of uses. The Company’s products include a range of solar modules built to general specifications for use in a range of residential, commercial and industrial solar power generation systems. Specialty solar modules and products consist of customized solar modules that its customers incorporate into their own products, such as building integrated photovoltaic modules (BIPV) modules. In October 2013, Canadian Solar Inc announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of two solar power plants, Brockville 2 and Burritts Rapids, totaling 16 megawatt AC to TransCanada Corporation. In October 2013, Canadian Solar Inc announced that BlackRock acquired from Canadian Solar two utility-scale solar power plants totaling 20MW (AC).
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