UBS Maintains Buy Rating for Canadian Solar: Here's What You Need To Know

UBS has decided to maintain its Buy rating of Canadian Solar CSIQ and lower its price target from $47.00 to $36.00.

Shares of Canadian Solar are trading up 1.61% over the last 24 hours, at $20.84 per share.

A move to $36.00 would account for a 72.74% increase from the current share price.

About Canadian Solar

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.