For its fourth fiscal quarter (ending December 31), Canadian Solar Inc (NASDAQ: CSIQ) has reported a -102% decline in E.P.S. from $1.21 a year ago to $-0.02 in the current quarter. This result fell short of the consensus estimate of $0.01 by $-0.03. E.P.S. were $4.19 for the latest four quarters through December 31 versus $3.73 for the same period a year ago — an increase of 12%.
Recent Price Action
On 3/14/24, Canadian Solar Inc (NASDAQ: CSIQ) stock declined slightly by -0.9%, closing at $19.38. Moreover, unusually high trading volume at 160% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -4.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CSIQ is expected to be a modest Value Builder.
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 94 but a very low Power Rating of 5, leading to the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action 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.
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