On 9/11/24, Canadian Solar Inc (NASDAQ: CSIQ) stock enjoyed a major increase of 11.8%, closing at $13.83. Moreover, this advance was accompanied by unusually high trading volume at 192% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 12.9% 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 12, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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