Canadian Solar Inc (NASDAQ: CSIQ) stock closed at $12.27 on 8/22/24 after a major decline of -15.7%. Moreover, trading volume in this decline was exceptionally high at 440% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -13.4% 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 (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Canadian Solar has a very high Appreciation Score of 98 but a poor Power Rating of 15, producing the High 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