Canadian Solar Inc (NASDAQ: CSIQ). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Significant negative changes in Canadian Solar Inc (NASDAQ: CSIQ) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CSIQ’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Canadian Solar has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Canadian Solar has a very high Appreciation Score of 97 but a very low Power Rating of 2, and the Neutral Value Trend Rating results.
Recent Price Action
On 4/5/24, Canadian Solar Inc (NASDAQ: CSIQ) stock suffered a large decline of -7.5%, closing at $17.15. Moreover, exceptionally high trading volume at 204% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -11.6% during the last week.
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