What 5 Analyst Ratings Have To Say About Canadian Solar

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Across the recent three months, 5 analysts have shared their insights on Canadian Solar CSIQ, expressing a variety of opinions spanning from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 1 2 0 1
Last 30D 0 0 1 0 0
1M Ago 0 1 0 0 0
2M Ago 1 0 1 0 0
3M Ago 0 0 0 0 1

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $13.63, a high estimate of $20.00, and a low estimate of $10.00. This current average has decreased by 13.02% from the previous average price target of $15.67.

price target chart

Diving into Analyst Ratings: An In-Depth Exploration

A clear picture of Canadian Solar's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Michael Blum Wells Fargo Lowers Equal-Weight $10.00 $13.00
Maheep Mandloi Mizuho Announces Outperform $20.00 -
Michael Blum Wells Fargo Lowers Equal-Weight $13.00 $15.00
Johnson Wan Jefferies Announces Buy $14.15 -
Vikram Bagri Citigroup Lowers Sell $11.00 $19.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Canadian Solar. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Canadian Solar compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Canadian Solar's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Canadian Solar's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Canadian Solar analyst ratings.

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Unveiling the Story Behind 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 Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent 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.

Financial Milestones: Canadian Solar's Journey

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Negative Revenue Trend: Examining Canadian Solar's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -18.34% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Canadian Solar's net margin excels beyond industry benchmarks, reaching -0.93%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Canadian Solar's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.51% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Canadian Solar's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.11%, the company showcases efficient use of assets and strong financial health.

Debt Management: Canadian Solar's debt-to-equity ratio stands notably higher than the industry average, reaching 2.08. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Basics of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

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

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