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Oppenheimer Stick to Their Buy Rating for Canadian Solar Inc

Published 03/18/2021, 11:15 AM
Updated 03/18/2021, 11:15 AM


Oppenheimer analyst Colin Rusch maintained a Buy rating on Canadian Solar (NASDAQ:CSIQ) Inc on Thursday, setting a price target of $51, which is approximately 23.19% above the present share price of $41.4.

Rusch expects Canadian Solar Inc to post earnings per share (EPS) of $0.15 for the first quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Canadian Solar, with an average price target of $54.
The analysts price targets range from a high of $71 to a low of $46.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $914.36 million and a net profit of $59.05 million. The company's market cap is $2.44 billion.

According to TipRanks.com, Oppenheimer analyst Colin Rusch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 74.5% and a 63.46% success rate.

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and a provider of solar energy solutions. It operates through the Module and System Solutions (MSS), and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

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