Canadian Solar (NASDAQ:CSIQ) Given Daily Media Impact Rating of 0.14

Media stories about Canadian Solar (NASDAQ:CSIQ) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canadian Solar earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the solar energy provider an impact score of 45.9258048112487 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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CSIQ has been the topic of several research reports. ValuEngine upgraded shares of Canadian Solar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded Canadian Solar from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Cowen set a $18.00 price objective on Canadian Solar and gave the stock a “hold” rating in a report on Monday, December 11th. B. Riley set a $15.00 price objective on Canadian Solar and gave the stock a “hold” rating in a report on Monday, December 11th. Finally, Axiom Securities downgraded Canadian Solar from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.92.

NASDAQ CSIQ traded down $0.18 on Friday, hitting $16.13. 521,303 shares of the company were exchanged, compared to its average volume of 779,803. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. Canadian Solar has a twelve month low of $12.07 and a twelve month high of $19.09. The company has a market cap of $935.59, a PE ratio of 15.51, a PEG ratio of 0.44 and a beta of 2.67.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Monday, March 19th. The solar energy provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Canadian Solar had a return on equity of 6.11% and a net margin of 2.94%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 65.9% on a year-over-year basis. research analysts forecast that Canadian Solar will post 1.4 EPS for the current fiscal 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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