Alert: Major Price Advance (8/15/19)-Canadian Solar Inc (NASDAQ: CSIQ).

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Canadian Solar Inc (NASDAQ: CSIQ) stock closed at $23.08 on 8/15/19 after a major increase of 12.0%. Moreover, exceptionally high trading volume at 637% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.2% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CSIQ is expected to be a Value Builder.

Canadian Solar has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Canadian Solar has a very high Appreciation Score of 88 and a very high Power Rating of 88, leading to the Highest Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 44922 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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