Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Canadian Solar (CSIQ) Stock Price

Press coverage about Canadian Solar (NASDAQ:CSIQ) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Solar earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the solar energy provider an impact score of 44.3999788106157 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Canadian Solar in a research report on Wednesday, November 1st. Roth Capital raised Canadian Solar from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, November 10th. JPMorgan Chase & Co. cut Canadian Solar from a “neutral” rating to an “underweight” rating and set a $15.00 price objective for the company. in a research report on Tuesday, December 12th. Zacks Investment Research cut Canadian Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Axiom Securities cut Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.91.

Canadian Solar (NASDAQ:CSIQ) opened at $15.78 on Thursday. Canadian Solar has a 1-year low of $10.86 and a 1-year high of $19.09. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $912.56, a PE ratio of 38.49, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71.

Canadian Solar (NASDAQ:CSIQ) last posted its earnings results on Thursday, November 9th. The solar energy provider reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Canadian Solar had a return on equity of 1.32% and a net margin of 0.84%. The company had revenue of $912.20 million for the quarter, compared to analyst estimates of $812.37 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue was up 38.8% compared to the same quarter last year. equities research analysts anticipate that Canadian Solar will post 0.97 EPS for the current year.

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About Canadian Solar

Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.

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