Canadian Solar Inc (NASDAQ: CSIQ) has reported a loss for its third fiscal quarter (ending September 30) of $-0.31 versus $0.33 for the same period a year ago — a decline of -194%. For the latest four quarters through September 30, E.P.S. were $-0.12 versus $5.44 for the same period a year ago — a decline of -102%.
Recent Price Action
Canadian Solar Inc (NASDAQ: CSIQ) stock suffered a large decline of -5.1% on 12/5/24. The stock closed at $11.46. Moreover, trading volume in this decline was above average at 123% of normal. The stock has declined -7.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Canadian Solar has a current Value Trend Rating of B (Positive). 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 95 but a poor Power Rating of 24, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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