Canadian Solar Inc (NASDAQ: CSIQ) stock suffered a major decline of -11.2% on 7/15/24. The shares closed at $15.35. Moreover, this decline was accompanied by above average trading volume at 142% of normal. 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 continue to be a modest 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 97 but a very low Power Rating of 6, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment