Recent notable negative changes in fundamentals have affected Canadian Solar Inc (NASDAQ: CSIQ): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Canadian Solar Inc (NASDAQ: CSIQ) investment behavior have recently occurred: its shorter term price trend turned down.
In light of these highly negative signals 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.
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). 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 97 but a very low Power Rating of 3, and the Neutral Value Trend Rating results.
Recent Price Action
Canadian Solar Inc (NASDAQ: CSIQ) stock closed at $17.62 on 6/10/24 after an increase of 1.3%. However, trading volume in this advance was unusually low at 55% of normal. The stock has declined -10.3% during the last week and has been extremely weak relative to the market over the last nine months.
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