Canadian Solar Inc (NASDAQ: CSIQ) stock enjoyed a major increase of 14.9% on 5/22/24. The shares closed at $18.19. Moreover, this advance was accompanied by exceptionally high trading volume at 226% of normal. The stock has risen 5.3% during the last week but has been extremely weak relative to the market over the last nine months.
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 98 but a very low Power Rating of 13, producing 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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