Canadian Solar Inc (NASDAQ: CSIQ) has reported earnings for its third fiscal quarter (ending September 30) of $0.33 versus $1.22 for the same period a year ago — a decline of -73%. This performance was $-0.37 short of the consensus estimate of $0.70. E.P.S. were $5.44 for the latest four quarters through September 30 versus $2.93 for the same period a year ago — an increase of 86%.
Recent Price Action
Canadian Solar Inc (NASDAQ: CSIQ) stock enjoyed a large increase of 2.9% on 11/14/23. The stock closed at $21.58. The stock has been extremely weak relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
CSIQ is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Canadian Solar has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Canadian Solar has a very high Appreciation Score of 95 but a very low Power Rating of 7, leading to the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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