Canadian Solar Inc (NASDAQ:CSIQ):
Canadian Solar Raises JPY7.4 Billion with Second Dual-Tenor Green Project Bond in Japan.
The company is up by 0.97% percent from yesterday’s close.
Canadian Solar Inc., launched on June 1, 2006, is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The Business’s segments include module segment, energy development segment and electricity generation segment. The Company designs, develops and manufactures solar wafers, solar cells and solar power products. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits. Its energy development segment consists of solar power project development, engineering, procurement and construction (EPC) services, and operation and maintenance (O&M) services. Its electricity generation segment consists of holding solar power projects for the purpose of generating income from the sale of electricity. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. The Company sells its products primarily under Canadian Solar brand name..
The P/E ratio is 42.60 and the market cap is 1.02B. As of the latest earnings report the EPS was $0.41 with 57.83M shares currently outstanding.
Traders are a little more bullish on shares of the company recently as shown by the change in short interest. The stock had a fall in short interest between September 29, 2017 and October 13, 2017 of -1.63%. Short shares fell 81,243 over that period. The days to cover increased to 7.0 and the percentage of shorted shares is 0.08% as of October 13.
Several investment firms have issued ratings on the stock of late. October 22 investment analysts at Cowen and Company held the company rating at “Hold” projecting a price of $17.00.
On August 26, 2017 Axiom Securities maintained a “Buy” rating on the company.
On August 15 Cowen and Company left the stock rating at “Market Perform” with a current price target of $17.00. August 15 investment analysts at FBR & Co maintained a stock rating of “Neutral” targeting a price of $15.00.