The price of Canadian Solar Inc (NASDAQ:CSIQ) shares last traded on Wall Street rose 20.15% to $11.15.
CSIQ stock price is now 18.80% away from the 50-day moving average and -8.82% away from the 200-day moving average. The market capitalization of the company currently stands at $737.85M.
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With the price target maintained at $9, Roth Capital recently Downgraded its rating from Buy to Neutral for Canadian Solar Inc (NASDAQ: CSIQ). On April 17, 2025, Citigroup Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $8, while ‘Goldman’ rates the stock as ‘Sell’
In other news, Wong Andrew Luen Cheung, Director bought 2,878 shares of the company’s stock on Dec 16 ’24. The stock was bought for $36,522 at an average price of $12.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Wong Andrew Luen Cheung bought 3,687 shares of the business’s stock. A total of $45,608 was incurred on buying the stock at an average price of $12.37. A total of 28.93% of the company’s stock is owned by insiders.
During the past 12 months, Canadian Solar Inc has had a low of $6.57 and a high of $21.05. As of last week, the company has a debt-to-equity ratio of 2.10, a current ratio of 0.97, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $5652759552, which is based on a 21.74 price-to-earnings ratio, a 0.24 price-to-earnings-growth ratio, and a beta of 1.33. The fifty day moving average price for CSIQ is $9.3856 and a two-hundred day moving average price translates $12.22815 for the stock.
The latest earnings results from Canadian Solar Inc (NASDAQ: CSIQ) was released for 2024-12-31. The net profit margin was 0.60% and return on equity was 1.34% for CSIQ. The company reported revenue of $1.51 billion for the quarter, compared to $1.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.34 percent. For the current quarter, analysts expect CSIQ to generate $1.1B in revenue.
